VAT on Termination Payments

HMRC have recently updated guidance on changes to VAT on early termination fees and compensation payments. Anyone who charges customers to withdraw from agreements to supply goods or services. Previous HMRC guidance stated when customers are charged to withdraw from...

Reclaiming VAT on business cars

We often get asked about whether or not VAT can be reclaimed on the purchase of a car for business. In almost all cases, the answer to this is no. This post highlights the exceptions and practical points where a reclaim may be successful.  EXCEPTIONS The exceptions...

Dividend Waivers – Use Tax Planning

A dividend waiver is the right to a waive a dividend payment and can be a useful tax planning tool under the right circumstances. Interim and Final Before we understand what these circumstances may be its important to distinguish between the two types of dividends,...