Category Uncategorized

Do you have to take a Dividend?

Reasons not to take a dividend Many directors believe they have an absolute right to monies deposited in a company’s bank accounts. However, payment cannot just be withdrawn as there are set procedures to follow to be legally compliant. What is…

Company Car Tax 2024/25

Taxation of company cars in 2024/25 A taxable benefit arises where an employee has the private use of a company car. Unless the car is an electric car, a further benefit arises if the employer meets the cost of fuel…

Changes to VAT Thresholds

The VAT registration threshold rose from £85,000 to £90,000 from 1 April 2024. The deregistration threshold increased from £83,000 to £88,000 from the same date. The changes to VAT thresholds change the trigger points for compulsory registration and optional deregistration.…