Howlader & Co Blog

Cryptocurrency’s origins date to 1983, but it has only recently hit the mainstream. Now, cryptocurrency investments are exploding – and so are queries about crypto tax in the UK.

With IR35 reform now affecting the private sector, many contractors are considering the possibility of liquidating or selling their companies and claiming Entrepreneurs’ Relief.

Advisory Fuel Rates (AFRs) are the rates recommended by HMRC to assist businesses either in reimbursing employees for using company cars for business travel or in being reimbursed back by employees for fuel costs for private travel when using a company car. The HMRC fuel rates that have applied since 1 September 2021 are: Engine […]

The government have released their Winter Economy Plan, aimed at supporting businesses through the second wave of Covid-19 this winter. Read more here.

You can claim back some of the input VAT you paid on all the expenses and purchases before you registered for VAT (called pre-registration VAT). Read more here.

As an employee most of us would assume that the P60, P11D and P45 forms provided to us by our employer are always correct, but please do not be fooled because it is not always so. Unfortunately, there are some situations where employers issue their employees with inaccurate P60s. 

Planning on building or updating the website for your company? Not sure how to account or tax the website development costs? Does it go under profit and loss and count as an expense? Or does it go on the balance sheet and count as an asset? Haven’t a clue how to answer those questions? Don’t […]

If you are travelling abroad this summer, it’s good to bear in mind the amount of goods that you can bring back to the UK without having to pay UK tax. When travelling to EU Countries: If you are coming back from an EU country, you can bring back an unlimited amount of most goods […]

Rent a Room Relief is an optional scheme that allows you to earn up to £7,500 a year tax-free when you let out furnished accommodation to a lodger in your main home.

ATED is an annual tax charge on Enveloped Dwellings payable by companies, partnerships with corporate members and collective investments vehicles that own a UK residential property valued at £500,000 or above. When do I need to submit my ATED return and are there any penalties? If the property falls within the ATED charge, a return […]