Spring Budget 2020 – Non-UK resident property companies
Following an announcement at Autumn Statement 2016, and subsequent consultations, the government moved forward with plans to charge Corporation Tax to
Spring Budget 2020 – Company cars and vans
Where employees are provided with fuel for their own private use by their employers, the car fuel benefit charge is applied. The fuel benefit charge
Spring Budget 2020 – Corporation Tax
The Corporation Tax main rate will remain at 19% from 1 April 2020. The main rate had been expected to reduce to 17%. However, this reduction was
Spring Budget 2020 – Research and Development Expenditure Credit
It has been confirmed by the Chancellor that the Research and Development Expenditure Credit (RDEC) is to be increased from 12% to 13% on 1 April
Basic Corporation Tax reliefs
There are a significant number of reliefs that can reduce the amount of Corporation Tax your company needs to pay on profits made. Your company can
Tax implications for construction industry
If you run a construction business and secure the services of sub-contractors, or if you are a building sub-contractor, you will need to comply with a
Overdrawn directors’ loans
An overdrawn Director’s Loan Account is created when a director (or other close family members) 'borrows' money from their company. Many
Filing deadlines for company accounts
The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as the accounting
Non-resident company liability to Corporation Tax
Under the current rules non-resident companies with a trading business in the UK are liable to pay
Company Unique Taxpayer References
The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should be