VAT Reverse Charge on Construction Services

VAT reverse charge

If your business operates CIS as a contractor or sub-contractor then you need to know about the VAT reverse charge that will come into force 1st October 2019. The key aspects of the reverse charge are: It will apply to standard and reduced-rated supplies of specified building and construction services made to VAT registered businesses, … Read moreVAT Reverse Charge on Construction Services

Self-Assessment Tax Returns

Local Chartered Accountants Self-assessment tax

There are a number of different reasons why an individual completes a self-assessment tax return, the main reasons are as follows: You are a company director who has income not taxed under PAYE You have income from self-employment You have income from savings and investments of £10,000 or more before tax You have annual income … Read moreSelf-Assessment Tax Returns

Expenses- Limited Company

Expenses Limited company

If you are the Director of a Limited Company and incur expenses then they can be claimed from the company providing they have been incurred ‘wholly and exclusively’ for the purpose of trade. Some of the most frequent expenses claimed are: Business travel                                            If you incur expenses travelling to client sites in order to fulfil … Read moreExpenses- Limited Company

Tax-free Childcare makes summer childcare costs easier

Tax free Childcare HMRC

With the school summer holidays speedily approaching every working parent’s thoughts turn to childcare and the cost associated with it. HMRC have advised that working parents could be entitled to Tax-free childcare worth up to £2,000 per child per year which would pay towards regulated holiday clubs throughout the school break. There are currently in … Read moreTax-free Childcare makes summer childcare costs easier

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Limited company Formation

From AJR & Co Ltd