Many businesses are registering for VAT, either because: They have to; or They want to because they can reclaim VAT on purchases; or They can profit from the Flat Rate Scheme If you are registered then, unless you are in the retail trade, you must issue a VAT invoice for all sales. If you are … Continue reading Rules for issuing VAT Invoices →

In the last couple of weeks the government have confirmed that massive changes to the treatment of pensions, and the choices available to you, will take effect from April 2015. These changes will make contributing into a pension fund much more attractive to many people, as well as presenting some interesting tax planning opportunities. These … Continue reading Changes to Pension Rules Brought in April 2015 →

The provision of private fuel with a company car can prove to be an expensive benefit. To avoid this, many employers who provide a car to employees require those employees to pay for all fuel and then to reimburse them for all miles driven on company business. Provided that the reimbursement is at a rate … Continue reading Company Car Fuel Reimbursement →

Individual Savings Accounts (ISAs) offer a means of receiving tax free income on savings to taxpayers. However, there is a limit to the amount that an individual can invest in an ISA in any tax year. As from 1st July 2014 new ISA limits came into force, as well as certain other relaxations in the … Continue reading What the new rules on Individual Savings Accounts mean to you →