You can claim VAT on good and services made before registration, in terms of Good up to 4 years if the goods still available or is been used to make goods which are available still Services up to 6 months. Buying a new car You can all the VAT on the [...]

Disguised Remuneration / Contractors Loan Scheme / Take home 90% of your income tax free There are companies or individual that will sell you A) Disguised Remuneration B) Contractors Loan Scheme C) 80 to 90% of your income tax fess. What are all those schemes all about? in short all such schemes [...]

CIS Construction Industry Scheme Getting gross payment status: Construction Industry Scheme When you register for CIS Construction Industry Scheme  in order to get payment in full without deduction at source by the contractor, you will need to apply to HMRC to allow you to get gross payment. Then in order to be eligible [...]

AUTO ENROLMENT: AUTO ENROLMENT ELIGIBILITY: PENSION ARE YOU READY? A new system of pension in the UK introduced called Auto enrolment, where an employer will have to enrol all their staff into this new system of pension, starting from October 2012 until by February 2018 every company would have been enrolled. However each [...]

Taken cash from the business A) Director's Loan B) Salary C) Reimbursable expenses. D) Dividends E) Pension Director's Loan: When starting a new business, you usually give a loan to the business before it starts making sales, and when cash flow is low. This is considered a loan like any other [...]