Taking money out of a limited company
17th May 2021 Posted by - Alexander Accountancy
There are a number of ways a director can extract money from their limited company. The money can usually be withdrawn in one or more of the
Monthly Archives: May 2021
Impact of residence and domicile
13th May 2021 Posted by - Alexander Accountancy
HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for UK residents and non-residents and covers the residence, domicile and remittance basis rules from 6 April 2013 […]
CIS – types of work and businesses affected
6th May 2021 Posted by - Alexander Accountancy
The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. The
COVID support grants that are taxable
12th May 2021 Posted by - Alexander Accountancy
We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the same
Mobile phone exempt costs
11th May 2021 Posted by - Alexander Accountancy
When an employee incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these
Restarting a dormant or non-trading company
7th May 2021 Posted by - Alexander Accountancy
HMRC must be informed when a non-trading or dormant company starts trading again and becomes active for Corporation Tax. Companies can use HMRC Online Services to supply the relevant information. […]
VAT – transfer as a going concern
6th May 2021 Posted by - Alexander Accountancy
The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT […]
Tax Free Capital Gains
5th May 2021 Posted by - Alexander Accountancy
As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual exemption for individuals in 2021-22 […]
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