With forecourt fuel prices still high: one of several good reasons why so many motorists are thinking seriously about switching to electric for their next company car. But is it beneficial to switch to electric for tax benefits? Lots of people ask us about buying cars through their companies. More often than not the tax […]
Under the MTD (Making Tax Digital) rules, using the wrong software for VAT returns could land you with a fine. There are also potential penalties for failing to use your software’s auto checking functions, record-keeping failures, as well as new rules for calculating penalties for late submissions and payment. Here’s a closer look at what’s […]
Landlords with an annual rental income of more than £10,000 will soon be faced with a big change in how they report for income tax. Here’s a closer look at Making Tax Digital (MTD) and what it means for your property business. What is MTD and does it affect me? The government describes its Making […]
Last week’s emergency mini budget included several significant new measures linked to personal, corporate and property tax rates, business investment initiatives and off-payroll working. Here’s an outline of the changes and what they mean for individuals, businesses owners, landlords and contractors. Personal taxation changes National Insurance The Health and Social Care Levy has been scrapped. […]
It’s not for the faint-hearted, but a growing number of investors are starting to dabble in DeFi (Decentralised Finance): blockchain-based transactions using crypto currency to borrow, lend, buy assets (and more). Earlier this year, HMRC released guidance on the taxation of crypto assets used in DeFi transactions. Here’s a closer look at what this guidance […]
HMRC brought in special rules around the taxation of non resident corporate landlords in 2020. Read on for more information
Introduced earlier this year, the reverse charge means that in much of construction, service suppliers no longer collect VAT. Instead, responsibility for VAT accounting shifts to main contractors. Especially for subcontractors, the new rules represent a massive change, both in terms of invoicing and cash flow management. Here’s a look at how small businesses can […]
Will your business need to upgrade its equipment or infrastructure in the near future? In place for a limited time only, the capital…
Thanks to the now-standard flurry of leaks, pre-briefings and heavy hints, we had a pretty good idea of what was going to be included in…
Following the UK’s exit from the EU’s VAT and customs regime on 31 December 2020, there’s been a lot of airtime given to the movement of…
"MJH provides us with a very personal yet professional service. They have been very helpful in advising us on tax efficient structures"
Seamus Duggan, Lakefield Services
