Author Archives: GyleCA

Why is it being introduced? HMRC have introduced new requirements for “Making Tax Digital” to make UK more digitally advanced and allowing individuals and businesses to get their tax right Continue Reading →

A company can provide its employees small (trivial) benefits, such as a box of chocolates, theatre tickets, a meal out, a gift voucher without them incurring tax and National Insurance. Continue Reading →

The recent Autumn Statement has been released and it introduces certain changes that will have an impact on everyone. However, we should bear in the mind the uncertainty of what Continue Reading →

The Government has introduced a major change for businesses that incur low costs on goods and currently apply the Flat Rate Scheme (FRS) for VAT. This will apply from 1 Continue Reading →

The recent Autumn Statement has been released and it introduces certain changes that will have an impact on everyone. However, we should bear in the mind the uncertainty of what Continue Reading →

If you are an owner managed business and are considering whether your company should provide you with a car, there are a number of issues to consider. Before you decide Continue Reading →

Dividend tax rates will change from 6 April 2016, this will mean increased tax rates for anybody with a limited company or a large portfolio of shares. The current system Continue Reading →

It was announced in the Summer 2015 Budget that there will be changes to how taxpayers will obtain relief for mortgage interest they pay on rented properties. The new rules Continue Reading →

Normally, the business will pay (or reclaim) VAT to HMRC based on the difference between the VAT that is charged to the clients and the VAT suffered on the purchases. Continue Reading →

The 24 month rule is an HMRC rule which applies to Limited companies that claim “Business Travel” expenses for attending a qualifying workplace (a workplace which is seen to be Continue Reading →