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Questions And Answers

Read our expert answers to your questions

small business owner on a laptop

When will Making Tax Digital affect my business?

I run a small limited company but also rent out a couple of properties and I’m confused about whether Making Tax Digital (MTD) applies to me. I think the VAT returns for my company are already being submitted using MTD, but I’m not certain about my income tax and also corporation tax and I don’t want to miss any deadlines.

1 min read

Last updated 4 May 2022 | First published 4 May 2022

bitcoin image

When do I start paying tax on cryptocurrency?

1 min read

Last updated 4 May 2022
First published 4 May 2022

Pension piggy bank

Tax relief on a workplace pension scheme

1 min read

Last updated 25 Mar 2022
First published 25 Mar 2022

employers discussing paperwork

What is Employment Allowance?

1 min read

Last updated 23 Mar 2022
First published 2 Mar 2014

Making Tax Digital

When does Making Tax Digital for VAT come in for my business?

1 min read

First published 28 Feb 2022

company loan

The tax implications of owing your company money

1 min read

First published 28 Feb 2022

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

company car

My P11D is late

0 min read

First published 30 Nov 2021

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