Posted in
The question of whether or not you are required to charge VAT when selling a company car depends on how the vehicle was bought and whether VAT was recovered at the time. Understanding these distinctions can help ensure the correct VAT treatment and
Continue readingPosted in
Setting up the correct tax code when a new employee starts is essential, as even small payroll errors can lead to unnecessary tax overpayments and avoidable complications later on.
When hiring a new employee, employers need to ensure the correct tax
Continue readingPosted in
Business Asset Disposal Relief (BADR) can significantly reduce the Capital Gains Tax due when selling a business or shares, but with higher rates coming from April 2026, timing and eligibility matter more than ever.
BADR applies to the sale of a
Continue readingPosted in
If you are self-employed, it is important to understand which car and travel costs can be claimed.
You can claim allowable business expenses for car, van, or travel costs, which reduce your taxable profit. Typical allowable costs include:
Vehicle
Continue reading