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Are Company Secretarial services VAT exempt?
Unfortunately, company secretarial services are not exempt from VAT, so you ... will push up the price clients pay you to support their company. Therefore, you need to know how to explain to your ... immense. But first, for the benefit of those new to this unique service, what actually is company secretarial? What ...
19th May 2022 | Industry insights -
Sofa companies take a stand in VAT appeal
... potted version! Sofology Limited (SL) and DFS Furniture Company Limited (DFS) jointly appealed assessments requiring ...
17th Jun 2022 | Article -
Court ruling could affect companies with a sole director
... will have clients who are sole directors of a limited company. In many cases, the accountant may have set the company up for the client, or a company formation agent may have done it for them. One ...
14th Jun 2022 | Article -
Auditors told to be more sceptical when reviewing company accounts
... Auditors told to be more sceptical when reviewing company accounts ...
30th Jun 2022 | Article -
Umbrella company caught in the rain over travel and subsistence
... Ltd (ESL) v HMRC ( TC8506 ) is whether ESL, an umbrella company, employs the relevant individuals, who are ... obligations to create a contract of employment. Umbrella company caught in the rain in FTT case Business tax Umbrella company caught in the rain over travel and subsistence ...
27th Jun 2022 | Article -
PwC fined £5m for audits of construction companies
... each other. The Galliford Try sanction related to the company’s 2018 year end and 2019 financial year end. ... contracts, which accounted for the majority of the company’s construction division. The FRC said that although ... a separate failure to identify and correct errors in the company’s income and cashflow statements did. This error ...
7th Jun 2022 | Article -
Director forced to pay his company’s tax debt
... of A1 Recovery Portsmouth Limited (A1RP), a company that maintained and repaired motor vehicles and ... it a personal liability of an officer (or officers) of the company. This can only be done where the company has failed to pay the required amount and the failure ...
10th May 2022 | Article -
HMRC targets managed service company breaches
... affected, if you, your clients or even any limited company contractors that you engage in your supply chains ... legislation was intended to take effect where a limited company is managed by an external MSC provider and there is a ... to the individuals are made; influences or controls the company’s finances or any of its activities; or gives or ...
5th Apr 2022 | Article -
Tricky manoeuvres for company cars
The income tax provisions surrounding company cars have changed significantly since the 1980s when company cars could be a tax-free benefit for employees who ... mileage using the employee’s own car. Benefits of company cars In Any Answers, BMary83 recently queried the ...
29th Mar 2022 | Article