When translating foreign currency transactions in the income statement,an average rate for the year should be used .What is deemed to be an average rate?


Client is self employed consultant in the field of product design/development, setting up supply chain for manufacture and marketing.  Just doing the first year accounts and there are a couple of t



I have a client who has not kept up on repayments with HMRC (VAT & PAYE) and they are now advising that they may be applying to wind the company up.


Yesterday I posted a question about whether lodgings allowance would be allowable if the client was lodging in furnished accommodation but with his main home a rented property in Ireland.


A UK registered (VAT registered as well) company has a contract with a company in Channel Island to clear the rubbish away for a fee.

What is the position of VAT please ?

Have a client who has two separate trades running through one limited company.

I understand that for tax purposes you have to separate the trades and keep two sets of accounts.


Clients business is 100% rental income from 1 investment property.  Can any one help with the CT600 entries.


Just to let everyone know - one of the most important tax cases is being heard tomorrow (7th July) at 10.30am - its the Daily Penalties case.