Companies that have cash reserves will be keen to invest these to obtain better returns, but this may prejudice the entrepreneurs’ relief available to shareholders
A business has purchased a motor vehicle on which VAT should be reclaimable. However, because it was bought on hire purchase via a finance company, HMRC are refusing an input tax credit in the absence...
A business has been erratic in making PAYE payments since 2006/07, but the net overall position appears to be that a repayment of tax is due. However, HMRC are requesting month by month...
A couple have divorced and, as part of the settlement, a single premium bond and cash ISAs are to be used to pay for their children’s university education and accommodation costs