Uncategorized – Page 10 – Sutton Coldfield Accountancy

R&D Tax Relief – HMRC Investigations

Written by Tony Shackleford on March 3, 2023.

HMRC have issued in excess of 2,000 letters to companies who have previously claimed R&D tax relief. The letters advise the company’s to review their R&D claims as HMRC believe they...

R&D, R&D tax relief

National Insurance Contributions Top Up

Written by Tony Shackleford on February 13, 2023.

The current rules for eligibility to the basic state pension is that 35 years of National Insurance Contributions are required. To have an entitlement to any state pension, 10 years of National...

National Insurance voluntary contributions, State Basic Pension

Why Is The Government Changing The R&D Tax Relief Scheme

Written by Tony Shackleford on February 6, 2023.

The following is a quote from the UK government, which spells out why the UK R&D tax relief scheme needs to be changed. ‘The UK has one of the most generous R&D tax relief systems in...

R&D, R&D tax relief

VAT On Marshmallows

Written by Tony Shackleford on January 30, 2023.

The starting point for VAT is that sales are subject to standard rated VAT (currently 20%). However sales of food are zero rated , but sales of biscuits and confectionery are standard rated. A...

Vat

Directors’ Liability From Insolvent Companies

Written by Tony Shackleford on February 14, 2022.

One of the major reasons for trading through a limited company, as opposed ot being self employed or being in a partnership, is that the owners / managers of the company are generally not liable...

Directors liability, Directors liability. Insolvency, Tax on insolvency

VAT Changes for Sales on Amazon, Ebay etc

Written by Tony Shackleford on August 9, 2021.

From 1 July 2021 platforms such as Amazon and Ebay are responsible for ensuring that VAT is collected on sales of goods on their platforms. In simple terms, this means that when a buyer purchases...

Amazon VAT, Ebay VAT

Holiday Pay Entitlement

Written by Tony Shackleford on May 11, 2020.

For several years all UK full time employees have been entitled to a minimum of 28 days paid annual leave per year. Part time employees entitlement is similar, hence a part time employee who works...

Holiday pay

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