admin | SA Ledgers Ltd

VAT recovery from car leasing payments

by admin | Oct 24, 2024 | Value Added Tax

The VAT treatment of motor expenses is an important concern for any business that incurs VAT on these costs. Below, we highlight key points to consider regarding the recovery of input tax (VAT) when leasing vehicles. We have covered below some important points to be...

Take goods with you to sell abroad

by admin | Oct 24, 2024 | HMRC notices

There are specific customs requirements for commercial goods that you take with you to sell abroad. You must declare any goods intended for sale outside the UK, whether they are in your baggage or a private vehicle. The regulations for commercial goods or samples...

Changing a company’s year end date

by admin | Oct 24, 2024 | Corporate Governance & Regulation

There are specific rules that restrict changing a company’s year-end date, also known as the "accounting reference date". Initially, this is based on the date of incorporation. Under certain conditions, it’s possible to adjust the accounting...

HMRC shares 5 common reasons for helpline calls

by admin | Oct 24, 2024 | Income Tax

There are a little over three months remaining to file your self-assessment tax return online for 2023-24. The deadline is 31 January 2025. As this date approaches, an increasing number of individuals are reaching out to HMRC’s helpline for help. To...

Recent speculation on forthcoming Budget

by admin | Oct 21, 2024 | General

There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October. Speculation is rife regarding the likely targets for tax increases. We have listed a few of the more persistent predictions below. But note, these are...