The Best Electric Company Cars for 2020

2020 is set to be an interesting year in the UK, even when it comes to buying a new company car! HMRC have announced that from 6th April 2020, drivers choosing a pure electric vehicle will pay no benefit-in-kind tax…

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Trivial Benefits: Tax-Free Treats for You and Your Team

  Introduced in April 2016, the Trivial Benefits legislation outlined which small benefits could be issued to employees without tax or reporting obligations. Trivial Benefits are often overlooked by small businesses but can be an effective way of boosting morale…

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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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