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: 3rd Nov 2022
A group of North East Businesses have voted for a rise in interest rates by a majority of seven to two. The group highlighted factors that are currently…
Date posted: 2nd Nov 2022
Clive Owen LLP, chartered accountants and business advisers, is celebrating the first anniversary of the opening of its Riverside Park, Middlesbrough office with the news that it has…
Date posted: 2nd Nov 2022
In a famous quote, Benjamin Franklin suggested “nothing is certain except death and taxes.” Taxes are certainly a hot topic at the moment and in a state of…
Date posted: 19th Oct 2022
Lee Watson, tax partner at Clive Owen LLP, is advising businesses that now might be the time to explore using a holding company, to protect business assets in…
Date posted: 11th Oct 2022
Energy costs are a concern for many businesses at the moment but there is some support available. Energy Bill Relief Scheme: help for businesses and other non-domestic customers…
