Corporate Governance & Regulation Articles

Do not respond if you receive this letter

Companies House recently updated its ‘Reporting scams pretending to be from Companies House’ guidance. This list helps verify whether contacts claiming to be from Companies House are scams. The guidance lists fraudulent emails, letters, and phone calls. It’s a useful tool for distinguishing genuine contacts from fraudsters seeking confidential information. Recently, the guidance included a scam...

Changes to Companies House Fees

There have been a number of significant changes in Companies House fees. These changes took effect on 1 May 2024. The last significant change in fees occurred in April 2016. The new fees have been calculated on a ‘cost recovery’ basis meaning that the fees are calculated based on what it costs to provide the services in question. Companies House state that they do not make a profit on their...

Closing a limited company

You might need to close your limited company for various reasons. Perhaps the company structure doesn’t suit your needs anymore, your business isn’t active, or the company is insolvent. Usually, all directors and shareholders must agree to close the company. The closure method for a limited company depends on its solvency. If solvent, you can either apply to strike the company off the Register...

Connected persons for tax purposes

The definition of a connected person for tax purposes varies. A statutory definition of “connected persons” for Capital Gains Tax...

Tax and employee share schemes

There are a number of government approved share schemes which offer various incentives to employees. The rules of the schemes...

Tax relief for training costs

If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be...

Post cessation transactions

Tax relief may be available for post-cessation expenses of a trade. To be an allowable post-cessation expense the trade must...

Reclaiming pre-trading VAT

There are special rules that determine the recoverability of VAT incurred before a business registered for VAT. This type of...

Are we unpaid tax collectors?

Business owners often refer to VAT as if it were a cost to their business regardless of their VAT position;...

Child Benefit for 16 – 19 year olds

More than a million parents will receive reminders to extend Child Benefit for their teenagers if they are continuing their...

by Andrew Stanton

Mitigating Labour VAT on private school fees

Explore the potential Labour VAT threat on private school fees and prepayment strategy to swerve the VAT risk.

Multiple Dwellings Relief for SDLT

It was announced as part of the Spring Budget 2023 that Multiple Dwellings Relief (MDR) was being abolished. This change...
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