The VAT recovery on expenses such as Accountancy and Legal on Selling part of a  business which comprises exempt business e.g. residential lets and taxable activities such as  Landscaping, Maintenance services etc can be tricky as the business carried out is partly exempt, professional fees are usually put in his residual input tax, but as a…

At the yearend there may be the need to deal with the overdrawn directors loan account, assuming all other options e.g. voting dividends, bonus etc have all been exhausted , you may be left with a situation where there is still an overdrawn balance and consideration then must be given to  minimising the beneficial loan…

Vat implications of perks such as  a corporate membership to a local gym and / or possibly offering subsidised meals  in their canteen. HMRC’s policy on employees perks and rewards is that services provided to staff can be a legitimate business expense if they are provided mainly to reward or motivate staff. If so, the…

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© 2019 Shaikh & Co is the trading name of Shaikh & Co Limited a company registered in England and Wales Company Number 10372642 VAT Number 262993664.

Shaikh & Co