Accountancy News & Resources

VAT Specialists Burton on Trent

Charging VAT on discounts and free gifts

When VAT registered traders issue an invoice to a customer, they must seek to ensure that the correct rate of VAT is charged. Whilst most businesses in the UK charge VAT at […]

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Burton Accountant – No charge for charging

For the convenience of clients visiting our offices who use electric vehicles, we have installed an electric vehicle charging point. Whilst visiting the client can recharge their vehicle FREE of charge. […]

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Rules concerning the liability to Inheritance Tax

There are special rules concerning the liability to IHT on a transfer made during a person's lifetime. Most gifts made during this period are not

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Taking money out of a limited company

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 The money can usually be withdrawn in one or more of the

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Impact of residence and domicile

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 […]

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CIS – types of work and businesses affected

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. The

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COVID support grants that are taxable

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

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Mobile phone exempt costs

When an employee incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these

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