Reclaiming VAT on a car
Date posted: 7th Nov 2022
The VAT rules are clear – input tax cannot be claimed on the purchase of a new or used car that is made available for any private use….
Date posted: 7th Nov 2022
The VAT rules are clear – input tax cannot be claimed on the purchase of a new or used car that is made available for any private use….
Date posted: 7th Nov 2022
Employers can pay employees a mileage allowance if they use their own car for business journeys. The Government have recently cleared up confusion as to what can be…
Date posted: 4th Nov 2022
Many owner-managed businesses will pay dividends as a form of remuneration to director-shareholders, as this can be tax efficient (although there are instances where it is not!). However,…
Date posted: 4th Nov 2022
As interest rates continue to increase to levels not seen since 2008, there may be a potential knock on tax impact for those with savings. In 2008, the…
Date posted: 4th Nov 2022
If you have received a letter from your employer’s pension company advising that your pension contributions are in excess of the standard pension annual allowance of £40,000, it…
Date posted: 10th Oct 2022
A business must register for VAT if the VATable turnover for the last 12 months exceeded the VAT registration threshold of £85,000, or if it is expected that…
Date posted: 10th Oct 2022
HMRC are continuing the trend of nudging taxpayers about potential undeclared liabilities. This is seen as a good strategy for the HMRC as it offers value for money,…
Date posted: 10th Oct 2022
The summer is gone, autumn has begun and tubs of Quality Street are on the shelves in Tesco, which means that Christmas will be here before we can…
Date posted: 10th Oct 2022
In our article earlier in the year, we set out some thoughts around the use of a holding company https://www.cliveowen.com/2022/05/do-i-need-a-holding-company/ and in particular some of the commercial advantages of…
Date posted: 17th Aug 2022
In the increasingly competitive jobs market, it is important that employers are able to attract and retain talented people to help them grow their business. Within certain sectors,…
