Tax

  • Common VAT Problems

    Once they understand the basics, many businesses find VAT reasonably straightforward. But there are some tricky areas where it is easy to make mistakes. These can give rise to stringent penalties, and ignorance is no defence. In this briefing, we assume you...

  • Company Cars and Tax

    Company cars are one of the most popular employee benefits. Altogether, more than 1 million UK directors and employees drive company cars. Of these, half receive free fuel for private use. Successive governments have increased taxation on...

  • Corporation Tax

    Corporation tax is the tax paid by companies on their profits. Unincorporated organisations (such as clubs and societies) also pay corporation tax, if they have taxable income. Partners in both traditional and limited liability partnerships and sole traders...

  • Income Tax Self-assessment

    About one in three taxpayers is affected by self-assessment. If you are one of them, there is no need to be concerned. As long as you keep detailed financial records and meet the deadlines for completing the return and paying tax, you should not have a...

  • National Insurance and State Pensions

    All earners pay National Insurance contributions (NICs) on their earnings. Employers pay employer contributions for each employee and collect and forward their employees’ contributions. Paying contributions entitles an individual to...

  • Tax and National Insurance

    This briefing provides an introduction to the taxes most likely to affect your business. The sooner you set up systems for maintaining your records, and the better you keep them, the less money you will need to spend on professional help in dealing with the...