UK Dividend Tax Planning: What Limited Company Directors and Shareholders Need to Know
For many UK limited company directors, deciding how to take money out of a business is one of the most important financial decisions they make. A company may be profitable, have sufficient cash in the bank and be performing well commercially. However, that does not necessarily mean its directors can withdraw money in any manner […]
Tax Due Diligence When Buying a UK Business: What Every Buyer Should Check
Buying an established business can be one of the fastest ways to expand into a new market, acquire customers or increase operational capacity. Rather than building everything from the beginning, an acquisition may give a buyer access to existing revenue, employees, assets, contracts and business relationships. However, acquiring a business also involves financial risks that […]
Tax Considerations When Restructuring a UK Limited Company
As businesses grow, their structures do not always grow with them. A company that began with one director, a small team and a straightforward operating model may eventually manage several business activities, multiple shareholders, new investments or operations across different locations. At that stage, the original company structure may no longer be the most suitable […]
What Happens When HMRC Rejects a Tax Payment? A Guide for UK Businesses
Making a tax payment should be straightforward. You calculate the amount owed, submit the payment using the appropriate method and expect the liability to be settled. But what happens when HM Revenue & Customs (HMRC) rejects a payment, the money does not appear on your tax account or your business receives a notice stating that […]
HMRC Tax Disputes: What UK Businesses Should Do When They Disagree With a Tax Decision
Receiving a letter from HM Revenue & Customs (HMRC) questioning your company’s tax position can be unsettling, particularly when you believe your business has met its obligations. Perhaps HMRC has calculated a higher tax liability than expected. Maybe an expense claim has been rejected, a VAT assessment has been issued or a tax relief you […]