Benefits In Kind (BIK) The area of additional benefits or prerequisites, perks for short has been a focal point for revenue for a number of years. It is a topic that like all taxes evolves over time. In a nutshell any benefits received by an employee from their employer is taxable as notional pay [...]
Value Added Tax (VAT) is a minefield for many people in business and it is something we are asked about by our clients on a regular basis. Most people ask us how they can avoid it! VAT THRESHOLDS It is not possible to avoid VAT however if your business generates a turnover from the [...]
In our last article we spoke about the Introduction of the new Companies Act 2014 which is due to come into effect this June, with a particular focus on the two main types of private companies which will exist under the Act – that is Company Limited by Shares (“LTD” – sometimes referenced as “CLS”) [...]
