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Do you know who must register for VAT?

Do you know who must register for VAT?

by | Jul 16, 2026 | Uncategorized

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances. The VAT registration threshold is currently £90,000. The threshold applies to the value of...
Could your business recover more VAT?

Could your business recover more VAT?

by | Jul 16, 2026 | Uncategorized

If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy for business purposes. However, many businesses fail to claim everything to which they are entitled  and may be able to recover more VAT. You can normally...
Is your spouse paying more tax than necessary?

Is your spouse paying more tax than necessary?

by | Jul 16, 2026 | Uncategorized

Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each person has their own annual tax position. However, with careful planning, transferring assets between spouses or civil partners can sometimes help reduce their overall...
Are you maximising tax relief on company losses?

Are you maximising tax relief on company losses?

by | Jul 16, 2026 | Uncategorized

If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability. Trading losses can often be used in different ways, depending on your company’s circumstances. A company may be able to use a trading loss against...
Could you claim tax relief for property repairs?

Could you claim tax relief for property repairs?

by | Jul 16, 2026 | Uncategorized

Property owners often incur costs for repairs, and understanding which costs can be deducted is important when calculating taxable property income. You can generally claim tax relief for repairs carried out on a property business, provided the cost relates to...