Salford Tax Specialists Ltd Blog
VAT-efficient supplies to directors as well as workers
Since you and your fellow directors typically work from residence you need more recent and also far better IT devices. The company will certainly buy it wholesale to obtain a discount rate and after that move it per employee. What's one of the most VAT-efficient way...
HMRC redefines “business activity” for VAT
A lot more employees than ever appear to be working from the house. Nevertheless, it is often impossible for workers to do their employment duties at home, so they must work at their company's business premises.Living closer to work If an employee lives some range...
Tax relief– And a ‘Lie-In’!
A lot more employees than ever appear to be working from the house. Nevertheless, it is often impossible for workers to do their employment duties at home, so they must work at their company's business premises.Living closer to work If an employee lives some range...
Were HMRC’s assessments provided in time?
The First-tier Tribunal lately ruled on a future fight over the validity of tax assessments A key problem was whether the taxpayer's delay offered HMRC the right to prolong the moment restrictions for issuing them. What was the end result? Exploration...
SEISS: Bills for paid too much grants hit taxpayers.
HMRC is providing analyses to taxpayers who have gotten extra self-employed income support scheme (SEISS) give than they were entitled to, and also those costs must be paid or appealed within one month. Throughout the Covid-19 pandemic, HMRC was under pressure to...
Specialist construction accountants
Specialist construction accountants Our group of Salford Accountants have over twenty years of experience collaborating with construction as well as residential or commercial property companies in the Salford area. Our specialist building and construction and...
VAT On loyalty schemes.
VAT On loyalty schemes. What are loyalty schemes? There is a great deal of various loyalty schemes created to raise turnover and also preserve customer loyalty. They do this by linking buys from a business to an incentive, or reduction in price on further...
How is VAT calculated on second-hand goods ?
How is VAT calculated on second-hand goods? Most of the time, businesses dealing in used products buy the products or take them as trade-ins from exclusive people and afterwards market them on, making use of the Second-hand vat margin scheme. If the Second Hand...
Taxman chases after overpaid SEISS grants
HMRC is writing to taxpayers it thinks should pay off several of the self-employment income assistance scheme give they received. Might this impact you and what should you do if you get a letter? In 2021 HMRC functioned out if and exactly how much 4th and also 5th...