For VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses) your accounting systems must use digital links.
Builders’ VAT Rules Delayed for a Year
The government have decided to delay the start of the proposed VAT reverse charge for supplies by sub-contractors in the construction sector.
Some cars only qualify for 6% tax relief
The latest Finance Act reduced the tax writing down allowance for motor cars that emit more than 110 grams of CO2 to just 6% on a reducing balance basis from April 2019.
How to extract profits from the family company
The start of the new tax year means that shareholders/directors may want to review their salary and dividend mix for 2019/20.
Advisory Fuel Rate for Company Cars
In line with recent reductions in fuel prices, HMRC have reduced their suggested reimbursement rates for employees’ private mileage using their company car from 1 March 2019.
Capital allowance on high CO2 cars and assets in special rate pool reduces to 6%
One of the capital allowance changes announced in the Autumn Budget was the reduction of the writing down allowance on assets in the special rate pool from 8% to just 6% per annum from April 2019. The assets included in this pool include long life assets, such as aircraft, integral features within buildings and cars […]
