You and your business - does your tax planning need an overhaul?
24 May 2022Taking stock of your finances and considering tax planning are key aspects of management for businesses and their owners.
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Taking stock of your finances and considering tax planning are key aspects of management for businesses and their owners.
READ MORE
When your child is born and either you or your partner has annual income of £60,000 or more, you may decide not to claim child benefit due to the High Income Child Benefit Charge (HICBC) as all of the benefit received would be clawed back. But do you realise that not claiming child benefit can disadvantage both parent and child?
VAT is now over 40 years in existence. What started out as a simple flat rate of tax at 10% has grown over the years into an ever increasingly complex tax with a standard rate now of 20%. I only have to look at my own VAT library to see how the volume of VAT legislation and related material has expanded over the years. The 1972 Finance Act introduced the original VAT legislation from 1st April 1973 and whilst this legislation was some 50 pages long, the most recent legislation now extends to almost 3,000 pages on VAT alone!