Claiming VAT on pre-registration purchases

by | Jan 23, 2025 | Value Added Tax

Businesses can reclaim VAT on pre-registration expenses if they relate to taxable supplies made after VAT registration. The rules differ for goods and services, with time limits of 4 years for goods and 6 months for services. Proper understanding ensures you don't...

Dealing with company unpaid debts

by | Jan 23, 2025 | Corporate Governance & Regulation

Unpaid debts can put a limited company at risk of a winding-up petition, potentially leading to liquidation. Creditors may act via court judgments or statutory demands, forcing companies to settle debts. Learn how this process works and the consequences for the...

Rolling over capital gains

by | Jan 23, 2025 | Capital Gains Tax

Business Asset Rollover Relief allows you to defer Capital Gains Tax (CGT) when reinvesting proceeds from selling business assets. By rolling gains into the cost of new assets, tax is postponed until the new asset is sold. Learn how this relief can optimise your...

Investing in new equipment for your business?

by | Jan 20, 2025 | Business Support

Making a significant investment in new equipment can be a transformative step for a business, improving efficiency, productivity, and competitiveness. However, such a decision requires careful planning and analysis to ensure the investment aligns with the...