Tax for Companies / November 23rd 2017

Budget Day – what are the highlights in terms of the Tax World?

22 November 2017, approximately 12:30pm and the Chancellor of the Exchequer Phillip Hammond stood up in the House of Commons to announce the economic performance figures and forecasts, as well as outlining the current government’s plans over the co

One of the many misconceptions of clients wishing to start a Limited company is the idea that the company’s funds are their funds. However, this is not the case. According to the law, a limited company is a separate legal entity. As a result, yo

Of all the taxes in the UK, most of all newly incorporated business are interested in finding out more information regarding VAT (or Value Added Tax). When you operate a business, it is important to understand the rules, requirements, possible adv

What You Need To Know: Developments in technology and the rise of emerging industries have seen a significant increase in Research and Development (R&D) tax credits since the scheme was first introduced in 2000 by the Blair administration. R&

What is Tax Planning? Any company with good tax governance will seek to minimise their tax liability by using tools and mechanisms that the government makes available. These include things like, allowances, deductions, rebates and exemptions, to nam

There may come a time when you decide to sell whole or part of your business and the reasons behind your decision can vary. You want to retire or the next generation are not interested in going into the family business. You may even contemplate selli

The thought of employing an accountant may seem daunting and unnecessary and in the eyes of some small business owners. There can often be the temptation to look for the cheapest possible solution for what some people view as a ‘form-filling exerci

Many people see the appeal of having their own limited company, whether this is because of their status or perceived image to their friends. Or even maybe because it is the most logical thing to do from a tax planning perspective. This is largely due

As a result of the UK’s decision to Brexit, the pound is at a low against the Dollar not seen since 1985. Despite many economists’ predictions that the economy will decline as a result of Brexit it has recently been reported that Britain is curre

Most taxpayers are familiar with the Self-Assessment system which HM Revenue and Customs (HMRC) uses to collect Income Tax from individual taxpayers. This system has been in place for many years in order for the Government to collect taxes from those