Unauthorised issue of a VAT invoice
Issuing a VAT invoice without registration or authorisation can lead to HMRC penalties, even if it is done…
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Don’t rush to judgement over pending tribunal claims
Mr. Aslam, a former Metroline employee, applied to another bus company on 13 April 2019, disclosing that he…
Why you should maintain a tax reserve
Every business has a duty to pay tax, whether that is Corporation Tax, VAT, PAYE, or personal tax liabilities…
Understanding working capital and why it matters
Working capital is a simple but powerful measure of a business’s financial health. It is the difference between…
Using your own car for work purposes
Using your own car or bike for work travel? You may be able to claim tax relief for…
How to pay corporation tax online
Paying Corporation Tax? Always use the correct reference or risk delays and penalties. To pay Corporation Tax via…
What is the settlement legislation?
Thinking of gifting income to a spouse or partner? HMRC’s settlements rules may still tax it as your…
16 years old – the minimum age for a company…
Thinking of starting a company at 16? Know the rules, risks and responsibilities before you take the leap.…
Budget date announced
The Chancellor of the Exchequer, Rachel Reeves confirmed, in a video message, that the next UK Budget will…
When you cannot charge VAT
Not all goods and services carry a 20% VAT, knowing the right rate can save costly mistakes. When…
How do HMRC define “wholly and exclusively” for tax purposes
Not sure if a business cost is deductible? HMRC’s ‘wholly and exclusively’ rule is the key test. When…
What insurance cover should a company consider?
Running a small business comes with plenty to juggle, and while insurance might not be the most thrilling…
