In this article, we explain the tax aspects of using a works van If an employee is able to use a work’s van for private use, which generally includes home-to-work travel, there will be a taxable benefit and a subsequent tax charge. From 6 April 2019, the flat-rate van benefit charge has risen from £3,350…
Where a business receives an enquiry notification from HMRC, it does not always mean that something is wrong. Sometimes HMRC simply need some further information to ensure that a return is correct, for example, if the business recently received a lot of money, it would be reasonable for HMRC to ask where the funds came…
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Ensure you take advantage of the AIA when buying plant, machinery or equipment. This gives you 100% relief on the purchase of assets (subject to limits). This scheme has the potential to save up to 50% of the investment in tax depending on your circumstances We can advise and make sure you are taking full advantage
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