VAT – reduced rate

Everyone knows that the standard VAT rate is 20%, BUT are people as aware of the reduced 5% rate and even the exempt 0% rate?  Tradesmen should especially take note of these rates when doing certain jobs.   For example, Read More…

Landlords

1.       Are landlords aware of letting relief?  If you have been letting out all or part of your residential home you may not get full Private Residence Relief (PRR) when you dispose of it. But you may be able to Read More…

Self-Assessment Dates

We all know that our self-assessment tax liability is due on 31st January and 31st July each year.  Are you aware that the deadline for filing your tax return in paper form is 31st October and online is 31st January?  Read More…

Company Cars

Have you considered the tax implications of owning a company car?   ·         Income tax, corporate tax, VAT and Class 1A National Insurance need to be considered before purchasing a vehicle.  ·         Also filing the P46 Car form with HMRC Read More…

Is your business VAT Registered?

Are you nearing the VAT Registration threshold!? If so then you will be aware that once your annual turnover reaches £79,000 your business must register for VAT.  You may also be aware that there are various VAT schemes you can Read More…

Twitter under scrutiny?

Twitter could become the latest high profile company to come under scrutiny for its tax arrangements after reporting UK profits of less than £100,000. Such a set up, similar to a controversial arrangement adopted by internet giant Google, would mean Read More…

Cadbury’s Aggressive Tax Avoidance!

Cadbury, the British confectionery maker that became a cause célèbre for tax justice campaigners after it was acquired by US food group Kraft in 2010, engaged in aggressive tax avoidance schemes before the takeover that were designed to slash its Read More…

Britain’s biggest water company sees revenue rise to £1.8bn but still pays no UK corporation tax.

Thames Water paid no Corporation Tax – during a year in which revenues rose to £1.8bn. Thames Water made £549m in underlying pre-tax profits as it raised bills by an inflation-busting 6.7%, while customer satisfaction dipped and hundreds saw their Read More…

Vodafone pays no Corporation Tax in the UK for the SECOND time!

Vodafone paid £2.6bn in tax to other nations last year – but UK tax breaks mean British bill is minimised. For the second year running, the mobile phone company has avoided paying corporation tax by benefiting from the tax breaks Read More…

Choosing the right Accountant

Accountants can offer advice on a range of services, such as basics like bookkeeping, to the more sophisticated issues such as raising funds or tax planning. Accountants can offer advice on a range of services, such as basics like bookkeeping, Read More…

« Previous Articles