Sch. 36 Finance Act 2008 has given HMRC new and more extensive powers to request information from taxpayers and also to allow HMRC officers to knock on the door of all businesses without warning, with effect from April 2009.
{ 0 comments }
Best4business Accountants are very pleased to announce news of a new sponsorship deal with local football team Destiny FC. Formerly known as Voy Rangers, and playing in the Essex Sunday Football Combination Division 4, Destiny FC has ambitious plans for promotion for the coming season. [click to continue…]
{ 0 comments }
For most businesses that are registered, the VAT paid on business expenditure is recoverable directly from HMRC through their VAT returns. But that only applies to UK VAT; HMRC will not repay VAT suffered in another country (including EU countries). [click to continue…]
{ 2 comments }
An essential function for any business entity, forward thought and planning will help a business to:
- focus on business goals
- plan resources
- help control activities
- motivate themselves and their staff
{ 2 comments }
Charged at 40%, inheritance tax (IHT) should be considered by any individual that has a net positive value in what they own in the UK (their UK Estate). Broadly-speaking, an individual’s Estate is worked-out as the cash-value of all assets less all debts at any given [click to continue…]
{ 0 comments }
Business entertaining follows the general principle that it is considered not tax-deductible or allowable as a business expense in the normal way. [click to continue…]
{ 3 comments }
As from 1st April 2009, the eligibility criteria for businesses wishing to join the Flat Rate Scheme (FRS) for VAT changed; the only requirement now is to have an annual sales turnover of less than £150k (when joining). [click to continue…]
{ 1 comment }
Introduced in April 2003, these are a form of benefit paid by government to families with children (Child Tax Credit [CTC]) and working individuals on low incomes (Working Tax Credit [WTC]). [click to continue…]
{ 0 comments }
The example below demonstrates how you can benefit from the new rules by selecting the ‘right’ car: generally a relatively expensive car with CO2 emissions of less than 160g/km. [click to continue…]
{ 0 comments }
