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Monthly Archives: October 2014

Tax avoidance scheme users ordered to pay up

  HM Revenue and Customs has sent notices to tax avoidance scheme users to pay over £250 million of disputed tax under the Accelerated Payments regime introduced in this year’s Finance Act. The Financial Secretary to the Treasury, David Gauke, … Continue reading

Posted in Business

Are your workers employed or self-employed

There can be savings, particularly for employers, if a worker can be paid as a self-employed person. This is particularly so in the construction industry where most workers are engaged by contractors as self-employed subcontractors. What many contractors fail to … Continue reading

Posted in Business

What is the statutory minimum holiday entitlement?

Paid annual leave is a legal right that an employer must provide. Almost all workers are legally entitled to 5.6 weeks’ paid holiday per year (known as statutory leave entitlement or annual leave). An employer can include bank holidays as … Continue reading

Posted in Business

Pay when you are paid

Apart from the retail trade and internet traders most of us send an invoice when we provide our goods or services to customers and then wait for the period of credit to expire before we get paid. During this waiting … Continue reading

Posted in Business

Reclaiming pre-registration VAT input tax

If you have been trading for some time before you register your business for VAT don’t forget to consider your option to reclaim VAT on goods and services purchased prior to your registration date. For example, if you are required … Continue reading

Posted in Business