Cash flow v customer credit limits
If your business grants a customer time to pay – say 30 days – after the services or goods supplied ...
New company reporting regulation withdrawn
The Government has withdrawn draft regulations after consultation with companies raised concerns about imposing additional reporting requirements. Instead, the Government ...
Who needs an EORI number?
The Economic Operators' Registration and Identification System (EORI) was setup as a European Union (EU) wide initiative that helps businesses ...
How dividends are taxed
Dividends received are taxed as income but the rates of tax applied are different to the formal Income Tax rates ...
Accounting periods for Corporation Tax
Companies often have two different company accounting periods. This is because there are different rules for Companies House filings and ...
Increase in National Living Wage
The Chancellor of the Exchequer, Jeremy Hunt, confirmed that the government has committed to the proposals of the Low Pay ...
Reporting early payment of wages before Christmas
There is a permanent easement in place for employers to report PAYE information in real time over the Christmas period ...
Electric charging of company vehicles at home base
HMRC has published revised guidance concerning the charging of company cars and vans at residential properties. HMRC had previously maintained ...
Recurring sales
Most business owners will appreciate the difference between one-off sales, and services that are generally described as recurring. For example, ...
Repeat business
Once you have secured the attention of a customer that has purchased their initial goods or services from you, you ...
Tax Diary November/December 2023
1 November 2023 - Due date for Corporation Tax due for the year ended 31 January 2023. 19 November 2023 ...
Re-starting a dormant company
HMRC must be informed when a non-trading or dormant company starts trading again and thus becomes active for Corporation Tax ...
