tax | AccountingWEB


There is an important VAT exemption for so-called ‘public interest bodies.’ However, over the past few years, HMRC have won a number of Tribunal cases, successfully arguing that their activities fa


I am dealing with one of my clients who is going to sell his business and will be paying corporation tax on the gain. My question is how should he extract his


I works for a small Recruitment firm who have just completed on placing 2 senior candidate into jobs in Mumbai, India. We are a UK company.


I've just exited from a truly awful HMRC webinar on penalties.


We have a subsidiary in Nigeria, this was incorporated in Oct 2012. The first accounts are 15 months accounts made up to Dec 2014.

The tax year in Nigeria ends 31st Dec.


Scenario 1

Income for the company £100,000

Two staff salary at £24,000

One staff at £10,000



It's all a bit of a minefield for a non-accountant learning as they go - NIC payments, £2k NIC allowance, corp tax, income tax etc.


Have just spent 1/4 of an hour on hold trying to get through to the agent help line.  Same thing the other day too.  I guess they have decided we no longer need priority treatment and can wait ages


I currently live in the UK and run my own small business.


Let us assume, for the sake of this question, that my client is liable to a penalty for carelessness in his tax return with an undisclosed error, so 15% penalty being charged.