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When must you register for VAT?

When must you register for VAT?


Published 17th August 2017

The taxable turnover threshold, that determines whether businesses should be registered for VAT is currently £85,000. Businesses are required to register for VAT if they meet any of the following conditions: At the end of any month, the value of

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BPP holdings Supreme Court decision

BPP holdings Supreme Court decision


Published 17th August 2017

The Supreme Court has dismissed HMRC’s appeal in a long running case between the BPP Group of companies (who provide professional and academic education) and HMRC. The case initially centred on the VAT liability of supplies of books and education by

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What are overlap profits?

What are overlap profits?


Published 17th August 2017

The assessment of self-employed or partnership profits is relatively straight-forward if the accounting date, to which accounts are prepared, falls between 31 March and 5 April. However, year ends that fall outside these dates create overlap profits.

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Dormant company obligations

Dormant company obligations


Published 17th August 2017

If a company has stopped trading and has no other income then HMRC should be informed that it’s dormant for Corporation Tax purposes. HMRC can also send a notification if they think a company is dormant. This notice will state that a company or

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100% write down for qualifying capital expenditure

100% write down for qualifying capital expenditure


Published 17th August 2017

The Annual Investment Allowance (AIA) limit has changed significantly over the last number of years. However, the limit has been fixed at £200,000 for all qualifying expenditure on or after 1 January 2016. The current £200,000 limit is a generous

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Choosing a company name

Choosing a company name


Published 17th August 2017

Companies House guidance sets out the main requirements for incorporating a company in the UK. The guidance entitled Incorporation and Names also provides advice on checking which names are acceptable to Companies House when naming a company.

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What qualifies for 10% Entrepreneurs’ Relief?

What qualifies for 10% Entrepreneurs’ Relief?


Published 10th August 2017

Entrepreneurs' Relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. Where Entrepreneurs' Relief is available CGT of 10% is payable rather than the normal main rate of 20%. This

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How to roll-over capital gains

How to roll-over capital gains


Published 10th August 2017

Business Asset Rollover Relief allows for the deferral of Capital Gains Tax (CGT) on gains when you sell or dispose of certain assets and use all or part of the proceeds to buy new assets. The relief means that the tax on the gain of the old asset is

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Holiday lets occupancy rules

Holiday lets occupancy rules


Published 10th August 2017

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes. In order to qualify as a furnished holiday letting, the following occupancy criteria need to be

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Claiming back VAT on fuel

Claiming back VAT on fuel


Published 10th August 2017

HMRC offers a number of alternative methods for claiming back VAT on car fuel where there may be a mix of business and private mileage. They fall into a number of broad categories: Standard scale charge - HMRC operates a useful simplification

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Address

England & Company
7 & 8 Church Street
Wimborne
Dorset
BH21 1JH

Contact

Tel: 01202 880384
Fax: 01202 842814

 

Company Registration Number: 4521252
Registered in England and Wales
VAT: 798123494


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