Input tax reclaims on Road Fuel

Through our VAT review services we come across many common errors. One in particular relates to input tax reclaims on road fuel. We have put together the following guidance to help clear up common misconceptions and errors. Reclaiming VAT on business fuel costs There...

Does my electric car need to be new to qualify for tax benefits?

The shortage of semiconductors has meant long delays in the delivery of new cars. This has caused many company car drivers to choose a second hand car instead, but what are the tax consequences? Both new and second hand electric cars have allowances Unless the car has...

How do I use salary sacrifices to benefit my team?

Many employers and employees have been putting in place salary sacrifice arrangements to give up some of their contractual salary in exchange for additional pension contributions or an electric company car. Why do salary sacrifices benefit my team? In these specific...

Did You Get a Big Tax Bill and Now Want Some Back?

Many of you will have just paid your 2016/17 tax bill before the 31 January 2018 deadline, and some of you will also have paid 50% of next year’s tax on account. Here are a couple of tax planning ideas that can help you obtain a tax refund. Invest in EIS or Seed EIS...

Incorporation – is it still the best way of trading for me?

As a business owner, you’ve put a lot of time and effort into setting up and launching your company. At the time, incorporating your business and becoming a limited company might have been an attractive option: Separation of your personal and business finances,...