Unlocking Tax Benefits: Why Limited Companies Should Consider Electric Vehicles
In recent years, Electric Vehicles (EVs) have developed as an eco-friendly and economically savvy choice for businesses. The implementation of EVs has grown significant momentum, driven by ecological concerns, government initiatives, and technological developments. If you’re a limited company based in the UK, it’s crucial to understand the remarkable tax benefits associated with embracing electric […]
Buying an Electric Car? You May Find This Useful!
Interest around electric cars is gaining momentum as different companies choose to buy vehicles after the onset of new rules from April 2020. However, there are certain points that need to be addressed for better awareness before individuals and entities embark on buying electric cars through their company. How will the new rules for electric […]
What is a Corporate Tax Residency and What Information Do Entities Need to Provide?
What Is The Concept Of A Corporate Tax Residency? Corporate tax residency is a concept used by the UK government to determine whether to treat businesses operating in the UK as residents on non-residents. Which companies are treated as UK residents? Generally, UK incorporated companies are treated as UK residents. Additionally, companies incorporated overseas are […]
What Is Intrastat And What Should You Know About It?
What is Intrastat? Intrastat is a system that collects statistics on the trade in goods between European Union (EU) member states. Please note that supply of services is excluded from intrastat. Which businesses should submit Intrastat? All VAT-registered business trading goods with other EU member states are supposed to make certain declarations and submit intrastat. What determines the amount of information […]
Limited Company Closure; Why, When and How?
The Why And When Of Closing A Limited Company Starting a business is tough. But closing up shop can be even tougher. But knowing when to throw in the towel will save further damage. Here are six signs that point to the end. You Are Not Meeting Yearly Targets After two to three years, it’s time to […]
Here Are All The Changes In VAT After Brexit!
In this section, we will look at how the VAT will be changing and learning about VAT on imports and exports. How Will VAT Change After Brexit? While the Domestic VAT rules remain the same following the end of the transition period, VAT rules for imports and exports to and from EU will change. The […]
Should You Buy a Car Through Your Limited Company?
Once you decide to buy a car, the question arises as to how you should buy it. You could either buy a car through your limited company or reclaim fixed mileage costs from your company while using the vehicle for business purposes. Whatever decision you take, you need some information on your available options beforehand. […]