tax | AccountingWEB


A US IT company setup a UK IT Company two years ago.  Instead of the normal practice US company owning the UK Company.  The UK company inexplicably was set up with 1K (at £1 each) of Ordinary Share


The government must give “swift assurance” that the introduction of the Universal Credit will not cause a rise in benefit fraud, MPs have said.



Provide your employees with a mobile phone with the owner and bill payer being you the Employer… it’s free for them.  No BIK charges


I was wondering if anyone thought a discussion group for freebies would interest anyone.


FA 2007, Sch 24, para 11 provides that HMRC may reduce a penalty in the event of special circumstances.

A couple of years ago some friends and I registered a company with the intention of starting a retail and wholesale operation.


Dear All,

I am a qualified accountant(member of ACCA) and working for an accounting practice. I prepare accounts and tax return for small business clients as an employee.


I am running the accounts for my partner's company - very small, estimated T/O of £30k, Profit after tax of £17k.