Is VAT due on fees you charge to late-paying customers?

4th October 2024 by Joanne Stoneman

Your business has experienced problems collecting money from certain customers so you will include late payment penalties and interest clauses in future contracts. How will these sources of income affect your VAT returns?

Business incorporation - optimise relief for capital expenses

27th September 2024 by Joanne Stoneman

Your business has grown significantly and so you’ve decided to transfer it to a limited company. This will trigger special rules for recalculating capital allowances that could result in an extra tax cost. What steps can you take to avoid this trap?

Reclaim higher rate SDLT online

26th September 2024 by Joanne Stoneman

HMRC has made it easier for anyone who pays the higher stamp duty land tax (SDLT) rate to claim a refund where the conditions are met. What’s the full story?