Making Tax Digital for VAT

  Since April 2019, if you run a VAT-registered business and exceed the VAT registration threshold of £85,000 turnover, then you should be keeping digital records and using MTD-compatible software for sending VAT returns to HMRC. Luckily, if you are…

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What is the 24 Month Expense Rule?

As you may already know as a director of your own limited company you may incur business-related travel expenses but what isn’t commonly known is the 24 month rule which specifically relates to travel and related subsistence expenses. The purpose…

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Reverse Charge for Building and Construction Services

  Who will be impacted by the changes? Businesses that are involved in the buying and selling of construction services are likely to be affected. It will not apply to zero-rated supplies of construction services.   What are the changes?…

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Complex Algebra or Rates of Income Tax?

You’ve probably heard of the term ‘adulting’. I’ve heard it used when it comes to moving house, buying a car, getting life insurance, booking a boiler service, the list could go on. In the same breath, I hear people saying…

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The Best Company Cars of 2019

When buying a company car, it’s very easy to only look at the initial cost of the vehicle. However, HMRC applies a Benefit-in-Kind (BiK) tax to company vehicles that are also used privately, based on their emissions output. The reason…

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