Insights

Browse 258 Insights about Tax

Tax Tribunal Ruling On Times Digital Edition VAT Could Set Key Precedent 13 Jan 2020 Policy, Tax - A tribunal ruled that the digital version of The Times should be eligible for zero-rated VAT. This could save News UK and similar companies millions in tax.
What’s The Tax Rate For A Limited Company? 18 Nov 2019 Tax - Currently, Corporation Tax rate for limited companies is 19%. That has to be paid on total business profits (excluding allowable business expenses).
Tax Relief On Business-Related Loans 4 Nov 2019 Bookkeeping, Fundraising, Tax - If you take out a loan for business purposes, chances are you can benefit from tax reliefs on the interest. Special rules apply if you are using cash basis.
Company Expenses Policy: All The Pro Tips 16 Sep 2019 Bookkeeping, Tax - Establishing a clear expenses policy will help you manage claims in a more efficient manner, giving you a clearer and more predictable overview of costs.
IR35 Rules Are Changing: Here’s How To Prepare 2 Sep 2019 Employment, Tax - Starting in April 2020, some private businesses will be required to operate under the same rules as public sector companies for what concern IR35 regulations.
What is the Video Games Tax Relief (VGTR) 19 Aug 2019 Tax - In order to be eligible for VGTR, the applying company must be responsible for most of the planning, designing, developing, testing and production of a game
The Timing Of Your Dividend Payment Could Help You Save Tax 5 Aug 2019 Investment, Tax - Timing the date of a dividend payment from a company can determine both the amount and the due date of the tax payable. This may be a particularly useful strategy in a close- or family-owned company.
Cash Basis: Simplified Expenses For Smaller Businesses 5 Aug 2019 Bookkeeping, Employment, Tax - Certain unincorporated small businesses may choose to use the cash basis when calculating taxable income, under which participants are taxed on the basis of the cash that passes through their books.
Entrepreneurs’ relief – the basics 22 Jul 2019 Bookkeeping, Strategy, Tax - Formerly, to qualify for entrepreneurs' relief, the assets or shares had to be held by the individual for at least 12 months to the date of disposal. However, the length of ownership condition has recently been increased.
Dividends Complexities – What Do The Cuts Change? 22 Jul 2019 Investment, Tax - Many family-owned companies allocate dividends towards the end of their financial year and/or the tax year, so it was not until March/April 2019 that the impact of the reduction first started to hit home.
When should a business register for VAT? 28 Jun 2019 Tax - Businesses are required to register for VAT when their annual sales reach the threshold of £85,000. You can also register volountarily in some instances.
Introduction to VAT from SimplyVAT.com 12 Jun 2019 Tax - While VAT is charged at every stage that value is added within the supply chain, the final payment is always made by the customer.