by Ruth Clark | Oct 20, 2023 | HMRC
Global Ties, Global Income In our interconnected world, it’s increasingly common for individuals to have income sources or financial assets located globally. These may include foreign employment, rental income from properties abroad, dividends from foreign...
by Ruth Clark | Oct 18, 2023 | HMRC, Tax
Anyone who has become self-employed, was in a business partnership, earned more than £100,000 or had to pay the High-Income Benefit Charge this year has until October 5 to speak to HMRC to register for self-assessment. Millions of people each year need to do a...
by Ruth Clark | Jul 17, 2023 | HMRC, VAT
VAT: An inspector calls! A business will have a visit from a VAT inspector for one of two reasons; a routine visit after selection by the HMRC computer based on the type of business and the level of turnover, or if the business has an unexpectedly large VAT repayment....
by Ruth Clark | Jul 3, 2023 | HMRC
Car Benefit Value If you’re an employer and provide expenses or benefits to employees or directors, you must usually: Report them to HM Revenue and Customs (HMRC) Pay tax and National Insurance on them Examples of expenses and benefits include: Company cars Health...
by Ruth Clark | Jun 26, 2023 | HMRC
Keep it commercial! It is common for family members to be employed within owner-managed businesses. When employing family members, taxpayers need to be aware that where remuneration is set at an uncommercial rate, HMRC may seek to disallow a portion of the expense...
by Ruth Clark | Nov 23, 2022 | HMRC, Tax
The Plastic Packaging Tax came into effect in April this year, and if your business deals with any kind of plastic packaging in relation to your products, you may need to be registered for this. Anyone importing or manufacturing more than 10 tonnes of plastic...
