A HMRC investigation is a daunting prospect for any business. These investigations can be immensely time-consuming and extremely costly. So for self-employed and small businesses, the idea of a HMRC investigation can be genuinely terrifying. You can avoid HMRC investigations if you learn about the sort of circumstances that commonly trigger investigations. There are also…
Are insurance premiums subject to VAT? Do you have to pay VAT on your insurance? Short answer: You almost never have to pay VAT on insurance. But sometimes you do. Sort of. In this post we’ll explain the law concerning VAT and insurance, and explain when you do and do not have to pay VAT…
If you’re a business owner considering health insurance for your employees, this is your essential guide to how the medical cover you provide will affect your tax situation. In this post we’ll also explore how medical insurance affects tax for self-employed people, and other unincorporated business owners. How Does Medical Insurance Affect Tax? At the…