Category Corporation Tax

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Electric Cars in Limited Companies

We are frequently questioned if purchasing a car through the company is beneficial. Historically, our response has been \”No.\” It\’s too complicated, and you\’ll end up with a large tax bill in your personal capacity.\” This was the answer because…

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Cryptocurrency Tax In The UK

Cryptocurrency has been one of the most hyped topics in the financial market amid the COVID pandemic. Just a few years back, crypto was all about Bitcoin, but now the digital currency market has evolved and revolutionized into something much…

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Post-COVID Tax Debts Collection

As it has been throughout the pandemic, the government’s goal is to protect livelihoods and keep people employed. HMRC has played a key role in achieving this, for example, by halting numerous debt collection activities and implementing support programs such…

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Business Entertainment: VAT

According to a report, an average of £1.5 billion is spent on various events and corporate hospitality. In the UK, the size of the event industry itself is about 35%. With these major transactional movements, businesses in the UK need…

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Entrepreneurs Relief

The reforms to IR35, also known as off-payroll working started in April 2021 which now apply to the private sector. It has enabled claiming Entrepreneurs’ Relief for businesses in the UK. With this move, large and medium-sized private sector businesses…