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Tag Archives: VAT Recovery

Posted on in Business Tax
Let The Taxman Contribute To Your Christmas Party

It's hard to believe that it's only 6 weeks until Christmas.

If you'd like to show your staff how much you appreciate their hard work, but aren't sure what it might cost you and the tax implications, read on.....

Posted on in Business Tax

Today is the last day of the 2017 tax year and you may be interested to hear the more common tax queries our clients have asked during the tax year. 

Timing is everything for these sole traders and limited companies.

Where a small B2C business is having a bad time, usually on the high street, their turnover may now be lower than in the past and under the VAT threshold of £77k over the last 12 months.

De registering for VAT is very tempting as it either improves your margins, or allows you to price more competitively, or a mixture of both.

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Tagged in: VAT VAT Recovery

If you are lucky enough to be a guest at the Olympics, what sort are you and what tax is due?

1. Your client has invited you and your better half to enjoy the men's 100m final, plus you are wined and dined, all paid for by your client. Your company pays your train fare. You are hardly going to drive after all that free booze!

This is the E word - Entertaining! But it's mainly paid for by your client so it's his problem. What is that? Well, he can't claim any VAT deduction or any corporation tax relief for the cost. Happily you don't any suffer income tax. However, you won't be able to claim corporation tax relief for the train fare as the reason for the trip was Entertaining.

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