Taxing Your Electric Company Car in 2021

Taxing Your Electric Company Car in 2021

In the tax year just gone, electric company cars counted as tax-free benefits. Meaning, if you were given an electric car for work, you would not be taxed on its value. This policy is changing for 2021/22, read on to learn how and why. How Taxable benefits on company...
VAT Reverse Charge in Construction Industries

VAT Reverse Charge in Construction Industries

If you are in the building and construction industry, you may have heard about the VAT reverse charge legislation being implemented from March 1st, 2021, since October 2019. This charge has been brought in as an anti-fraud measure to mitigate the corporate crime of...
Covid-19 Holiday Entitlements Explained

Covid-19 Holiday Entitlements Explained

In the coronavirus pandemic, it is easy to imagine why the situation for holidays has become muddied. Furlough, working from home and shielding have all changed the way in which we all view the work we have to do. All workers, whether they are on a full-time,...
What is Indirect Tax?

What is Indirect Tax?

The saying goes, “The only two certainties in life are death and taxes,” and it is certainly true that tax is prevalent in pretty much every part of your life involving formalised commerce. Avoiding paying taxes is a crime, and you can find yourself in terrible...
Missed the tax return deadline? Here’s what you can do

Missed the tax return deadline? Here’s what you can do

The deadline for online tax returns in the United Kingdom, for the tax year starting the 6th of April 2019 and ending the 5th of April 2020, is the 31st of January 2021, at midnight. If you fail to submit your tax return, then you may be liable to pay pricey penalty...