by Louie Callegari | Mar 20, 2023 | Business, HMRC, Tax
Trivial benefits are best described as small ‘token gifts’, given by management to their employees. Each tax year, directors can spend up to £300 in trivial benefits from the company account. This is tax free and constitutes a business expense and means that... 
by Louie Callegari | Dec 22, 2022 | Business, Finance, HMRC, Tax
A recent statement by HMRC has announced the postponement of the implementation of the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) changes until April 2026. Making Tax Digital for Income Tax Self-Assessment was slated for instatement in April 2024,... 
by Louie Callegari | Jun 24, 2022 | HMRC, VAT
VAT is a tax which is charged on goods and services provided by businesses in the UK, and all VAT registered businesses must complete and submit a VAT return document to Her Majesty’s Revenue and Customs (HMRC). What is a VAT return? The VAT return document... 
by Louie Callegari | Jun 24, 2022 | Accountancy, HMRC
You may remember the scandal that emerged after the Russian invasion of Ukraine, in which Russian oligarchs were found to be holding substantial assets on British soil and the issue of money laundering by international criminals. In lieu of these revelations, the UK... 
by Louie Callegari | May 31, 2022 | Business, HMRC, Tax
April 2022 marked the end of the one-year grace period to the ‘off-payroll working rules’ that were included within the IR35 legislation change. The soft-landing period was to allow contractors and firms to prepare for the incoming reform and ensure their compliance....