Timing dividends to delay or reduce tax

25th October 2024 by Joanne Stoneman

The Budget is just a couple of days away with changes to the tax rules and rates on the cards. As a company owner manager who takes income mainly as dividends, you may be concerned about a hike in rates on investment income. How can you control when they are taxed to maximise tax efficiency?

Building materials - reverse charge or not?

24th October 2024 by Joanne Stoneman

One of your subcontractors has sent their first invoice. He’s charged VAT on materials but not on the services because these are covered by the domestic reverse charge (DRC). Is the VAT charge on materials correct and if not what steps should you take?

ITSA refund security checks

11th October 2024 by Joanne Stoneman

You’re due an income tax refund of £1,200 from your 2022/23 tax return which you filed in December 2023. Unbelievably, the refund is still held up by HMRC’s security checks. How can you speed up the repayment?