Yearly Archives: 2026

Overdrawn directors’ loan accounts and section 455 tax

Event date: 1st Jan 1970

A director’s loan account is simply a means of keeping track of transactions between the director and the company of which they are a director. Where the company is a personal or family company, the director may borrow from the…

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Correcting errors in VAT ret...

Event date: 1st Jan 1970

It used to be possible to report errors in a VAT return to HMRC on form VAT652. This is no longer the case; form VAT652 was withdrawn from…

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What are the advisory fuel r...

Event date: 1st Jan 1970

HMRC publishes fuel-only rates for company cars. These rates are updated quarterly and have two main uses: Reimbursing employees for business travel in a company car Reimbursing the…

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