FAQs
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Business Tax
- What is corporation tax?
- Where do I find my corporation tax number?
- How and when do I need to pay corporation tax?
- Are there benefits of paying corporation tax early ?
- How do I deregister as self-employed?
- Can I put a different type of business through my company?
- How do I understand my annual accounts and corporation tax return?
- What do I need to prepare for my Year End Accounts?
- How long should company records be retained for?
- What is a year end?
- What is client authorisation?
- What are the penalties for missed tax deadlines?
- Should I use the Petty Cash fund?
- What exchange rate do I use for cash purchases made abroad?
- What are credit notes and refunds and when should I use them?
- When to record credit and / or a refund from a supplier
- When to issue a credit note to a client
- What is the process for submitting my confirmation statement?
- I want to strike off my company, how do I do it?
- Where do I find my authentication code?
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VAT
- What exactly is VAT?
- How does VAT work?
- Do I need to register for VAT?
- I'd like to register for VAT - is that something you can help with?
- What are the VAT schemes?
- VAT schemes ( standard rate/ flat rate)
- What is my VAT return deadline?
- How to pay VAT
- VAT MOSS
- VAT Rates
- International VAT fact sheet
- From when does the 1% discount I get on Flat Rate apply?
- Can I claim VAT back on purchases made before my company formation?
- What else needs to be completed when goods or services have been sold to an EU client?
- What is the VAT element of mileage on standard rate
- What are the general rules for VAT?
- When the basic tax point for VAT?
- Can I claim VAT on entertainment?
- What do I need to include on my VAT invoice?
- VAT inspection
- Passing costs on to customers
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Expenses and Benefits
- What expenses can I claim?
- What sort of travel can I claim for?
- Can I claim back costs incurred prior to my company formation but relating to the company, and how far back can I go?
- How do I claim for a company party or staff entertainment?
- How do expenses reduce my tax liabilities?
- How do I claim for business telephone calls and the cost of the phone itself?
- Can I claim childcare expenses through my company?
- Claims for using your home as an office
- Can I claim a meal allowance?
- How can assets reduce my tax bill?
- If I'm inside IR35 what expenses can I claim?
- What date should I use when entering an expense?
- If I pay for something using my own personal bank account can I claim it back from the company?
- Should I bring equipment owned personally in to a limited company?
- Can I claim tax relief on Health Insurance?
- Can I make a charitable donation through my limited company?
- Can I make pension contributions through my limited company?
- Can I claim for eye tests and glasses?
- What exactly is tax relief?
- I'm buying a new bicycle, can I use the cycle to work scheme through my limited company?
- Training
- Can my company claim the fee for an IR35?
- Travel & subsistence
- Can I claim for Utilities?
- The use of your home as an office
- Can I claim for Web Space ?
- Telephone & internet
- Can I claim for clothing & uniform ?
- Salaries
- Can I claim training costs?
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Auto Enrolment
- What is Automatic pension enrolment?
- What pension scheme do I join for Auto Enrolment?
- When will automatic enrolment affect me?
- What's my "staging date"?
- What preparations do I need to make for Auto Enrolment?
- Are there any Auto Enrolment deadlines I need to know?
- How much do I need to pay into an employee pensions pot?
- Which of my employees need to go into a pension scheme?
- What are my legal obligations for Auto Enrolment ?
- Who are the Pensions Regulator?
- What happens if I don't comply on Auto Enrolment?
- How do I opt out of NEST?
- Consequences of Opting out
- Change in Contribution Rates - April 2018
- Duties Start Date
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Compliance