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Having spent many years building a business, entrepreneurs can still look forward to a maximum tax hit of just 10% when they sell their business,

This scheme can be beneficial for businesses that have a low proportion of costs that include a VAT input tax charge, and their business turnover,

 1 March 2014 – Self Assessment tax for 2012/13 paid after this date will incur a 5% surcharge.  1 March 2014 – Due date for

Employers have been warned recently that schemes setting out to avoid payment of wages to employees at the minimum rates set by the National Minimum

Since the 1990s fees for playing at not-for-profit sports clubs has been exempt for VAT purposes. However, HMRC has asserted that only club members’ playing

Many victims of miss-sold Payment Protection Insurance are unaware that they need to declare any interest they received as part of their settlement on their

There has been significant press coverage recently suggesting that companies are hoarding cash. It would seem that this is one of the contributory factors affecting

The Law Society is concerned that if the present changes to LLP taxation are enshrined in the forthcoming Finance Act 2014, decisions will have to

According to a recent CBI report UK companies rely too heavily on debt finance. It said that 50% of small and medium sized businesses used

In a recent tax tribunal case a tax payer was denied Capital Gains Tax relief for the cost of improvements to a property as he

 1 February 2014 – Due date for Corporation Tax payable for the year ended 30 April 2013.  19 February 2014 – PAYE and NIC deductions

There is a situation where you might be advised to make an election to pay tax. It arises if you sell your company and accept

If you are self-employed, as a sole trader or in partnership, and if we assume that your business year end is 31 March, then the

Employers that provide a company car and pay for the employees’ private fuel create tax, NIC and administrative issues for both parties. Employers will be

The following information is reproduced from the GOV.UK website where you can get more information on this topic if required. You can get small business