Financial budgets, underpinned by comprehensive assumptions are a key management tool, no matter what size of business you operate. They can be used to quickly monitor trading performance against budget and identify any issues.
When it comes to building your dream home, we find that clients have enough challenges to overcome without a 20% VAT bill being an added burden. Fortunately, when building a home for you and your relatives to live or holiday in, whether that’s constructing from scratch or converting an existing building, then it is likely you will be eligible to recover the VAT charged on the supply of certain building materials and services using HMRC’s DIY Builders and Convertors VAT Refund Scheme.
Would you like to move somewhere warmer than the UK to work or retire, with only a short flight home to keep in touch with family and friends?Well Portugal should definitely be top of your ‘tax’ choice.
The Office for Tax Simplification (“OTS”) has published a call for evidence alongside an online survey in an attempt to explore potential simplification of the current Inheritance Tax (“IHT”) regime. The review, which has been welcomed by professional bodies such as the Chartered Institute of Taxation, will cover both existing legislation as well as the Estate administration process.
The 6th of July 2018 is an important deadline for various taxes, especially Employment Related Security (“ERS”) reporting.