Tax implications for construction industry20191023040000

Tax implications for construction industry

October 23, 2019
If you run a construction business and secure the services of sub-contractors, or if you are a building sub-contractor, you will need to comply with a...
Overdrawn directors’ loans20191008040000

Overdrawn directors’ loans

October 8, 2019
An overdrawn Director’s Loan Account is created when a director (or other close family members) 'borrows' money from their company. Many...
Filing deadlines for company accounts20190904040000

Filing deadlines for company accounts

September 4, 2019
The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as the accounting refe...
Changes to Structures and Buildings Allowance20190730040000

Changes to Structures and Buildings Allowance

July 30, 2019
The new structures and buildings allowance (SBA) allows for tax relief on qualifying capital expenditure on new non-residential structures and buildin...
Treatment of fees for nominee directors20190722040000

Treatment of fees for nominee directors

July 22, 2019
A nominee director is someone who acts as a non-executive director on the board of a company. This person is normally appointed to act on behalf of an...
Research and Development tax reliefs20190722040000

Research and Development tax reliefs

July 22, 2019
There are two schemes for claiming relief for R&D expenditure. The schemes are known as the Small or Medium-sized Enterprise (SME) Scheme for smal...
Corporate Capital Loss Restriction20190717040000

Corporate Capital Loss Restriction

July 17, 2019
Under current rules up to 100% of chargeable gains can be set against carried-forward capital losses. For accounting periods ending on or after 1 Apri...
Loss buying restrictions20190710040000

Loss buying restrictions

July 10, 2019
Under qualifying circumstances, Corporation Tax (CT) relief is available where your company makes a trading loss. The trading loss can be used by offs...
Non-resident company liability to Corporation Tax20190604230000

Non-resident company liability to Corporation Tax

June 4, 2019
Under the current rules non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a ...
Company Unique Taxpayer References20190528230000

Company Unique Taxpayer References

May 28, 2019
The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should be used whenever HMRC is contacted and when tax retu...