Taxation

You’re breaking into mail and online orders as a way to boost sales and are in the process of creating a price list for your website. The price you charge … Read more

The limited cost trader rules which will apply from 1 April 2017 are bound to result in many traders choosing to leave the flat rate scheme (FRS). But if you … Read more

When your business receives a deposit, it can create a tax point and VAT may be due. When is this relevant, and how do you make sure you account for … Read more

In December 2016 the Court of Appeal criticised HMRC for not allowing a claim for VAT because the business didn’t have the normal documents required. What precisely is needed if … Read more

From 6 April 2017 the tax relief for loan interest and other finance expenses relating to let residential property will be restricted. How will this affect current and future losses … Read more

The rules for benchmark subsistence rates changed in April 2016, and they can no longer be used in a salary sacrifice arrangement. What are the changes and is there still … Read more

The flat rate scheme simplifies VAT reporting and reduces your administrative burden. It can also save you money. How could changes announced in the Autumn Statement 2016 affect this? Flat … Read more

The reverse charge has been around since the start of VAT but we’re hearing that it’s being used increasingly to combat VAT evasion. What exactly is it and how does … Read more

If you make a mistake on your VAT return what procedure do you have to follow to correct it? And why is it so important to play it by the … Read more