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If you notice you have submitted an incorrect VAT return, you can adjust your next return as long as certain conditions are met. The adjustment must be below the reporting threshold, not a deliberate error and for a period within the last 4 years. You can adjust your... 
Pensions, Uncategorized
The annual pensions allowance is set to change on 6 April 2016 if your “threshold” income exceeds £110,000 and your “adjusted” income exceeds £150,000. For most people the annual allowance is £40,000, but should your income exceed the above limits the allowance (which...Uncategorized
As an employer, you may already know that you can reclaim 92% of your statutory payments such as Maternity, Paternity and Adoption Pay. However, you may not be aware that you can actually claim 103%! Yes, you heard correctly. If the total of your employees and...Uncategorized
New legislation came into force on 1 December 2014 regarding the statutory pay and leave entitlements available to employed parents. The changes will afford couples greater flexibility and give women the option to end their maternity leave early if they would prefer... 
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Seasonal Gifts Gifts given to staff or customers are legitimate business expenses and therefore the VAT incurred on the cost of these can be recovered as input tax. However, this gift is classed as making a supply for VAT purposes, so as a general rule the business...Uncategorized
In recent years the government has changed the way that company cars are taxed. They have been trying to encourage more people to be environmentally friendly. Consequently, the higher a car’s CO2 emissions, the higher your tax bill on the benefit in kind, and... This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT Privacy & Cookies Policy
