If I owed them I would be harassed for payment and yet I have to wait patiently for a refund. Why as a nation do we accept this poor performance from a government body. If this was a private company it would have gone out of business years ago. Date of experience: August 30, ...
At Company Debt, we understand that receiving letters from HMRC can be incredibly stressful. These letters often appear to blur the lines between personal and company debts, leading to confusion and anxiety. Swift action is essential to prevent further complications. Ignore a nudge letter, and you...
HMRC will review all of your business records during a full enquiry, usually because they suspect there’s a significant risk of an error somewhere in your tax. If you’re the director of a limited company, they may look particularly closely into your tax records, as well as the records o...
ACCA also recently welcomed the step by HMRC to look to only work with tax agents who are members of recognised professional bodies. Although ACCA is clear that the proposal would need to be carefully implemented to ensure that taxpayers, agents and Exchequer benefit and we do not see a spira...
“The figures would appear to suggest that small businesses are recognising that an unincorporated sole trader or partnership structure is best suited to their needs. Some businesses have been a little quick off the mark to set up as a limited company when that structure is not at all suited ...
“We’d love to tell you that there’s a simple yes, but unfortunately, that’s just not the case” The good news is that the HMRC does state that key person insurance can be tax deductible. This is because essentially it is a company insurance policy similar to any other business insu...
(FAP) software, which automatically adds iXBRL tagging to data items for transmission to HMRC and Companies House. The “look & feel” of company reports to human readers is unchanged since the iXBRL tagging is all done “behind the scenes”. However, it may be desirable in some ...
You can make gains up to this amount without paying CGT. If your gains exceed this allowance, you'll pay CGT on the excess. The rate depends on your taxable income. Have a look at the following table: Tax BracketIncome RangeCGT Rate on Assets Basic Rate 12,571£ – 50,270£ 10%...
Advanced$199 Turnover- 0 Dormant Company Delivery Time4days 4 daysdelivery —Dec 27, 2024 Revisions may occur after this date. Loading Upwork Payment Protection Fund the project upfront. Aqal gets paid once you are satisfied with the work....
HMRC requires you toretain your recordsfor a number of years, so when you scan receipts, you should be confident that they’re backed up securely. To find out more, take a look at HMRC's requirements forlimited companiesandsole traders. ...