Recovering VAT on car purchases
26th August 2021 Posted by - Alexander Accountancy
There are complex VAT rules that determine how you can recover VAT on car purchases. The usual fallback rule is that if you purchase a car for your
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Covering pension contributions with unused allowances
26th August 2021 Posted by - Alexander Accountancy
The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance is further reduced for high earners. This means that
Bona Vacantia & dissolved companies
24th August 2021 Posted by - Alexander Accountancy
The final step in bringing a company to a legal end is when the company is dissolved. However, one of the important points to be aware of when doing
1.8m couples benefit from extra tax relief
23rd August 2021 Posted by - Alexander Accountancy
HMRC has confirmed that almost 1.8m couples across the UK have benefitted from the marriage allowance and are saving up to £252 a year. The marriage
130% tax relief for companies
16th August 2021 Posted by - Alexander Accountancy
Are you thinking of investing in new plant or other equipment? Remember that the super-deduction offering 130% first-year tax relief is available to
Expenses you can and cannot claim against property rents
19th August 2021 Posted by - Alexander Accountancy
If you are a landlord, it is important that you are aware of expenses you can and cannot claim from your rental income. As a rule, these expenses must
When is a company dormant for tax purposes?
9th August 2021 Posted by - Alexander Accountancy
If a company has stopped trading and has no other income then the company is usually classed as dormant for Corporation Tax purposes. A company is
VAT inclusive and exclusive prices
11th August 2021 Posted by - Alexander Accountancy
When identifying the amount of VAT charged, it is important to distinguish between VAT inclusive and VAT exclusive prices. A VAT inclusive price
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