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Questions And Answers

Read our expert answers to your questions

employers discussing paperwork

What is Employment Allowance?

The Employment Allowance is available to certain businesses. If you are eligible, you can reduce your employer Class 1 National Insurance Contributions each tax year.

1 min read

Last updated 23 Mar 2022 | First published 2 Mar 2014

VAT percentage

Can I use the Flat Rate VAT Scheme?

1 min read

First published 25 Jan 2022

What penalties can I expect for a late tax return?

What penalties can I expect for a late tax return?

1 min read

Last updated 13 Jan 2022
First published 26 Jan 2016

scaffolder

How to apply for gross payment status as a CIS subcontractor

1 min read

First published 17 Dec 2021

Profit and loss

What to do if your limited company makes a trading loss

1 min read

First published 17 Dec 2021

Christmas Party Costs

Christmas Party Costs

1 min read

Last updated 16 Dec 2021
First published 26 Nov 2019

electric car

Petrol versus electric cars – what are the tax differences?

1 min read

Last updated 30 Nov 2021
First published 30 Nov 2021

VAT

Can I claim back any input VAT?

1 min read

Last updated 22 Nov 2021
First published 22 Nov 2021

Pay slip

Can I pay my tax bill through my PAYE tax code?

1 min read

Last updated 18 Nov 2021
First published 4 Oct 2019

christmas present

Can I buy my employee a present?

1 min read

Last updated 18 Nov 2021
First published 30 Oct 2019

Closing costs

How to close your company

1 min read

Last updated 15 Oct 2021
First published 15 Oct 2021

Tax time

Do I need to complete a self-assessment tax return if I have done a capital gains tax return?

1 min read

Last updated 15 Oct 2021
First published 15 Oct 2021

Man with glasses and beard looking at a laptop while holding a cup

What is Making Tax Digital for Income Tax?

1 min read

Last updated 8 Oct 2021
First published 26 Aug 2021

Mobile Phone

What tax is due if you supply your staff with a mobile phone?

1 min read

Last updated 7 Oct 2021
First published 6 Oct 2020

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