The company makes a loss – can a dividend be paid?
Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will use the money to increase
Be aware of VAT bad debt reliefÂ
Despite the improving economy, bad debts are still a fact of life for many businesses. HMRC is aware that not all invoices are paid on
Making student loan repayments through Self Assessment
There are three ways in which former students with student or post-graduate loans can make loan repayments: • from deduction from their
Class 2 National Insurance refunds made in error – Action to take
Class 2 National Insurance contributions are flat-rate contributions which for 2023/24 and earlier tax years are payable by the self-employed where their profits exceed the
VAT flat rate scheme – Is it for you?
The VAT flat rate scheme is a simple VAT scheme for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged to customers
Wealthy taxpayers within PAYE – When is a tax return required?
Earlier this year, HMRC wrote to wealthy taxpayers who had not submitted tax returns for 2020/21 and/or 2021/22. A letter was sent where the taxpayer