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VAT and the Domestic Reverse Charge

VAT and the Domestic Reverse Charge

Nov 6, 2023 | Accountants, Advice, Tax

HMRC’s domestic reverse charge for construction services came into force on 1 March 2021. The CIS domestic reverse charge only applies to VAT-registered businesses within the construction industry. If your business is not in this industry or is not VAT registered, you...
Electric Company Cars

Electric Company Cars

Sep 28, 2023 | Accountants, Advice, Tax

If you are thinking about purchasing a company car, it may be worth considering buying an electric/zero emissions car. Compared to a petrol/diesel car, you will get significant tax benefits if you get an electric car.  An electric car will result in a lower personal...
Capital Gains & Losses

Capital Gains & Losses

Aug 14, 2023 | Accountants, Advice, Tax

Capital Gains – If you are investing in any assets other than your own home and they grow in value, you will be making a Capital Gain. Any such asset sold or transferred and where subsequently any Capital Gains arise, you must report these to HM Revenue &...
Buy to Let – Undeclared Income

Buy to Let – Undeclared Income

Dec 21, 2022 | Tax

“HMRC don’t know that I receive rental income” If you have and never told them, be aware that they are increasing their focus on you! You may ask “how they would know?” That’s easy as they have access to the Tenancy Deposit Protection Scheme. So, they will find out...