Howlader & Co Blog

Planning on building or updating the site for your company and not sure about the tax and accounting treatment for 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 […]

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.

The UK is renowned for having one of the most complicated tax systems in the world. One facet of this is VAT, or Value Added Tax, which is currently paid on the purchase of some items. An in-depth look at the rules – what is VAT-able and what isn’t – throws up some unusual findings. […]

If you are called for jury duty, you can claim a certain amount of expenses for things like travel, lunch and refreshments, and loss of earnings. Here is our guide to jury service expenses in the UK. Your employer has to let you attend the jury duty. They do not have to pay you for […]

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 […]

Leading up to yesterday’s Budget there was speculation that Philip Hammond would announce some major shake-ups to certain aspects of the taxation system. This was fuelled by the Budget earlier in the year being relatively uneventful and the political environment having changed substantially in the months since then. However, save for one change, the Chancellor […]

Now that the Christmas tree has been removed and the decorations packed away, it’s that time to face the dreaded task you’ve been putting off all year – your personal tax return. For those of you doing this for the first time, it might seem daunting, but we will hopefully ease some of that and […]

The New Year’s resolution is an age-old tradition whereby, at the start of a new calendar year, people set themselves a goal (or sometimes multiple goals if they are feeling particularly greedy), be it changing an aspect of their lives or perhaps achieving an objective. Invariably, the life-span of the average New Year’s resolution is […]

Childcare Vouchers offer a highly tax-efficient way of remunerating employees with children, and could save them as much as £930 over the year. What’s more, employers also save on their employer’s national insurance costs. It’s a win-win situation for employers and employees. Check out our infographic below for the key info:         […]

One of the announcements in this week’s Autumn Statement is the planned introduction of digital tax accounts. 10 million individuals and 5 million small businesses will be the first to have access to their accounts from early 2016, and by 2020 the rollout will include all individuals in the UK. The digital accounts will essentially […]