Newsletters
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Can a business refuse an unannounced VAT inspector?
VATHMRC is stepping up compliance visits in the local area, including turning up unannounced at businesses and demanding to see till and cash records. What rights does a business have do if it is targeted in this way?
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Using subcontractors: who’s responsible for the VAT?
Business TaxA business frequently uses subcontractors to fit bespoke storage units into its customers’ homes. HMRC is now claiming that the business is responsible for the VAT on the subcontractors' services. Are they right?
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The new super-deduction: the devil is in the details
Business TaxThe new super-deduction announced at the 2021 Budget appears very generous on paper. However, the draft legislation shows that there are a number of conditions and drawbacks. What should a company know before claiming it?
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Helping staff with pension decisions
Business Tax, Employment lawThe financial pressures on employees have been significant over the last year so it’s even more important that their retirement plans are robust. What do employers need to know about pensions for tax year 2021/22? Response to COVID-19
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Avoiding a year-end trap with employee expenses
Business Tax, Personal TaxFor cars and vans there are two tax-free mileage rates. The higher is payable for the first 10,000 miles of business travel in a tax year and the lower thereafter. The trouble is, as one tax year ends and another starts there’s the risk of applying the wrong rate. What’s the problem and how can employers avoid it?
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Profit extraction: maximising efficiency for this year and the next
Business Tax, Personal TaxFor owner managers that have control over the salary and dividends they receive from their companies, this time of year is important for tax and NI planning. Especially this year if profits have been adversely affected by the pandemic. What factors should be considered for maximum tax efficiency?
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