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Questions And Answers

Read our expert answers to your questions

company loan

The tax implications of owing your company money

I have an overdrawn director’s loan account with my company of £15,000, what are the tax implications?

First published 28 Feb 2022

Pay Tax

Consequences of paying tax late

First published 30 Jan 2020
Last updated 10 Feb 2022

VAT percentage

Can I use the Flat Rate VAT Scheme?

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?

First published 26 Jan 2016
Last updated 13 Jan 2022

Christmas Party Costs

Christmas Party Costs

First published 26 Nov 2019
Last updated 16 Dec 2021

electric car

Petrol versus electric cars – what are the tax differences?

First published 30 Nov 2021
Last updated 30 Nov 2021

company car

My P11D is late

First published 30 Nov 2021

VAT

Can I claim back any input VAT?

First published 22 Nov 2021
Last updated 20 Mar 2024

Capital Gains Tax

Do I have to file my Capital Gains Tax report in 30 or 60 days?

First published 22 Nov 2021
Last updated 30 Nov 2021

christmas present

Can I buy my employee a present?

First published 30 Oct 2019
Last updated 9 Dec 2021

Pay slip

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

First published 4 Oct 2019
Last updated 17 Apr 2024

Closing costs

How to close your company

First published 15 Oct 2021
Last updated 30 Nov 2021

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