VAT Flat Rate Scheme and Buying a Computer I am a freelancer operating through a limited company which is VAT registered on the flat rate scheme. I understand that being on the flat rate scheme means that usually VAT cannot be claimed back on my costs, however I am about to buy a new laptop and I… Read More

IT contractor closing down a limited company I am an IT contractor and have been trading through my limited company for eight years. I am the sole director and shareholder. I have been offered a role as a full time employee which I am going to accept. I don’t see the need to keep my company… Read More

I run a small PR agency as a limited company where I am the only director and shareholder although I have a few employees. For the 2016/17 tax year I will have £11k of salary and £60k of dividends I will extract from my company, with no other income from anywhere else. I know there… Read More

I am a business analyst contractor working through my own limited company and am considering registering for VAT on the flat rate scheme. I am unsure which category is the best fit for my business – how do I choose the right category and what happens if I get this wrong? Answer, August 2016 Many limited… Read More

This article is a quick guide to the P11d, benefit in kind and dispensations system for the 2016/17 tax year. P11d’s – what are they? A P11d form is filed by an employer for each employee where employment benefits have been provided to that employee during that particular tax year. These forms need to be completed… Read More