Do you need to charge VAT on recharged expenses?
We are often asked by clients if they need to charge VAT on the expenses that they recharge onto their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no,…
Tax evasion or tax avoidance?
What’s the difference between tax evasion and tax avoidance? Celebrities and sports stars alike have been in the news in recent years, hitting the headlines for their tax avoidance in the Paradise Papers, amongst other reports. But they…
What are the different VAT rates and what do they mean?
We are often asked what all the different VAT rates are and what they mean. Zero-rated is the same as Exempt, right? Wrong. Read our guide below to make sure you understand the difference between all the rates…
Coronavirus update
Hi everyone. Please see below some updates and clarifications on some of the help that is out there for you and your businesses during the coronavirus situation. Check back regularly to the HMRC website for updates on everything coronavirus…
HMRC raises £16 for every £1 it spends investigating small businesses and individuals
According to a new study by Pinsent Masons, HMRC raised £16 for every £1 it spent on staff on tax investigations looking at small businesses and individuals. The figures show that HMRC were able to collect £4.9bn in…
Business gifts for Christmas
Thinking of giving a business gift for Christmas? It’s not long until Christmas and you might be considering giving a Christmas gift or treat to your team or customers. But before you do, it’s worth considering the tax…
Is the Christmas party tax allowable?
It’s just under six weeks until Christmas Day and many of us will have already booked our work Christmas party to celebrate. But what are the costs to your business of the Christmas party and what is tax…
VAT change for builders delayed until 2020
The VAT change for builders – known as the Domestic reverse VAT charge – has been delayed. It was due to come into force on 1st October 2019, but the Domestic reverse VAT charge has now been delayed…
Do you need to charge VAT on recharged expenses?
We are often asked by clients if they need to charge VAT on the expenses that they recharge to their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no…
Tax evasion or tax avoidance?
What’s the difference between tax evasion and tax avoidance? Celebrities and sports stars alike have been in the news in recent years, hitting the headlines for their tax avoidance in the Paradise Papers, amongst other reports. But they…