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Finance & Accounting>Finance & Accounting

How HMRC deals with tax debts

During the covid pandemic HMRC suspended many of their debt collecting activities. However, as the UK emerges and economic activity resumes, HMRC has restarted their

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Finance & Accounting>Finance & Accounting

Dividend ‘traps’

A shareholder/ director is permitted to withdraw monies from the company’s bank account as salary, bonus or dividend (or possibly a loan’). However, there are

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Finance & Accounting>Finance & Accounting

The future for tax payments

The government receives its tax money on different dates depending upon the type of taxcharged. Taxpayers taxed under PAYE usually pay their tax bills monthly;

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Finance and Accounting

Limited liability partnerships

A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be

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Limited Liability Partnerships

A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be

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