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How to adjust VAT when you agree a price reduction
VATOne of your customers refused to pay a sales invoice five years ago, which resulted in you taking legal action. The legal process has now ruled that you must reduce your invoices by 50% of the original amount. How will you deal with VAT on these invoices?
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Reduce tax on your shared company car
Business Tax, Personal TaxIf you and your spouse or partner work for the same business and you share a company car, you might be paying too much tax. Why, and how can you reduce it?
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Boost cash flow with a CT refund?
Business TaxYour company made a loss in its last financial year and is badly in need of an injection of cash. How can you turn the loss into a corporation tax refund, and what steps can you take to obtain this at the earliest possible date?
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Help with childcare for working parents
Personal TaxAs a working parent you probably struggle to balance the needs of your job with those of your children, especially during the long summer holiday. This also poses a problem for employers. How can government childcare schemes help?
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Is there a better option than the scale charge?
VATHMRC announced revised CO2 emission scale charge rates for private road fuel from 1 May 2024. But is there an alternative way of accounting for VAT on the private fuel used for your business vehicles?
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Tax and NI planning for multiple directorships
Personal TaxYou’re a shareholder and director of three companies. You currently take a low salary from each company topped up with dividends. But is this really the most tax-efficient option?