Latest Newsletters for
Latest Newsletters for
3rd March 2012
Business Stationery Disclosures
Under UK company law, all limited companies and limited liability partnerships must make the following business stationery disclosures: Full company/LLP name, Place of registration, Companies House registration number, Registered office address, You may also decide, for commercial reasons, to make extra business stationery disclosures, which may include: Any trade names the business operates under, The…
3rd March 2012
Directors and National Minimum Wage Exemptions
The National Minimum Wage legislation was introduced with effect from 1st April 1999. Since then employers have been required to pay staff at an hourly rate of at least the national minimum wage. These rules are formulated by the low pay commission and are policed by HMRC. HMRC published their interpretation of these rules, which…
3rd March 2011
Finance Options for Purchasing a New Company Car
Once you have decided which car (or other vehicle type) to acquire and whether to own the vehicle within the company or personally, the next consideration relates to how to finance this transaction. The main factors of relevance should be taxation (corporation tax and VAT), cashflow, control and the accounting affect. Within business, conventional wisdom…
3rd March 2000
Keeping Business Records
The length of time that business and tax related records should be kept depends upon which legislation they relate to. A brief simplified summary follows: Records Time Limits Company Statutory Registers Indefinitely Board Meeting Minutes/Resolutions Indefinitely General Meeting Minutes/Resolutions Indefinitely Details of Past Shareholders 20 Years Sealed Contracts 12 Years Corporation Tax Records 6…
3rd March 1999
Preparing for a VAT Control Visit
HMRC officers no longer manage their own arrangements for VAT control visits to registered traders. These are normally arranged from centralised services with access to officers’ work plans or diaries. The VAT registered trader will receive a letter setting out the time date and venue for the planned VAT control visit and give outline guidance…
5th April 1998
Bed & Breakfasting Shares
On 5th April 1998 the Chancellor introduced new share matching rules, which restrict the ability of individuals and trusts to ‘Bed and Breakfast’ their quoted shares. The new rules require a sale of shares, or other security, to be matched with acquisitions in the following order: Same day acquisitions, Acquisitions within the following 30 days…