Small Businesses 3/3

Dec 25, 20193 min

Tax-free Christmas parties

Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...

Dec 25, 20192 min

VAT capital goods scheme

The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and...

Dec 25, 20192 min

Claim a deduction for work clothing

Many employees are required to wear a uniform for work. Even where there is no set uniform as such, many employees have clothes that they...

Dec 25, 20192 min

Tax-free mileage allowances

Employees often use their own cars for work, usually claiming expenses in the form of a mileage allowance to cover the costs. While it is...

Dec 25, 20192 min

Beware tax scams

HMRC regularly warn taxpayers to be alert to fraudsters purporting to be from HMRC. Recently, they announced that in the last year they...

Dec 25, 20193 min

Corporation tax and trading losses

Relief may be available where you operate your business through a company and you make a loss. The loss may be set against total profits...