On 17th March, the Chancellor to the exchequer, Rishi Sunak, announced that due to coronavirus (COVID-19) outbreak, cash grant will be offered to the small businesses for which the limit has been [...]
Download Our COVID-19 Guide Amidst deepening public health and economic crisis following global spread of Coronavirus, the government has announced economics measures ‘unprecedented in the history [...]
The Corona Virus resulted in an emergency rate reduction from 0.75% to 0.25% making it one of the first such reductions on budget day. This Budget has been taken over by the Corona Virus Covid-19 and [...]
TV presenter Mr. Eamonn Holmes lost his IR35 tax appeal against HMRC in the first tier tribunal (FTT) despite working 40 years as a freelancer broadcaster. The decision came out for the case which is [...]
Every business owner tries to influence the investors in order to raise capital for their new company. There are two generous tax schemes offered by UK government i.e. SEIS and EIS which are used by [...]
If you are purchasing fuel in UK or paying mileage allowance to your employees for using their own vehicles for work purpose, you are entitled to claim VAT on mileage expenses. You can claim VAT as [...]
For every entrepreneur there comes a time when they decide to wind up their business, even if it’s been running successfully. This could be because they are moving on to do different things [...]
What is Targeted Anti-Avoidance Rule (TAAR)? TAAR stands for targeted anti-avoidance rule (TAAR). As per the finance act 2016, targeted anti-avoidance rule is a rule introduced to tackle those [...]
Introduced in 2008 by the Labour Chancellor Alistair Darling, Entrepreneur’s Relief (ER) is a generous tax break for entrepreneurs retiring or selling their business. It is a valuable relief [...]
You have been running the business successfully as a sole trader, where the earnings have got to a point when it is no longer tax efficient or you simply wish to reduce the risk of unlimited [...]