When providing services to your client, occasionally you might need to pay for items on their behalf. How do you then treat the VAT on the expenses that you recharge to the customer?
In this guide we answer the key duty free questions, such as “How many cigarettes can i bring to UK airports or borders from abroad?”
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 Cycle to Work scheme lets employers provide bikes and safety equipment to employees as a tax‑free benefit.
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.
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 […]
This blog is an update of the article written on 2024/25 where we consider the process for choosing an optimal director salary.
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. […]
After you’ve agreed to use a certified accountant, there are various administrative steps that need to be done to let HMRC know, and so that the accountant can do their job to the best of their ability. We need to get various codes and reference numbers from you, and when we ask for them, we […]
Are you considering working remotely abroad but are unsure of what the tax implications may be?
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