by MAS | May 25, 2016 | Uncategorized
If you run your own company and plan to retire, the usual strategy is to sell or wind it up and take the money. However, changes to the tax rules in 2016 might make it more tax efficient to keep the company going. Why? Higher exit taxes We have already explained the...
by MAS | May 13, 2016 | Uncategorized
A VAT-registered company or sole trader may be liable to a financial penalty if they attempt to obtain a VAT credit or refund to which they are not entitled to by dishonest means. This was the case in Peter Arakiel Brookes vs HMRC where Mr. Brookes appealed against...
by MAS | May 12, 2016 | Uncategorized
HMRC have published a brief relating to the VAT treatment of conversions of non-residential buildings into dwellings that are the subject of of PDRs (permitted development rights). PDRs are relevant to specific developments and represent a reduction in information...
