Categories
News

What proof do you really need to reclaim VAT?

What proof do you need to reclaim VAT? When it comes to reclaiming VAT on purchases HMRC’s guidance says you must have the appropriate documentary evidence. This is what you will need if you want to successfully reclaim VAT on purchases In December 2016 the Court of Appeal criticised HMRC for not allowing a claim […]

Categories
News Resources

Reclaiming Tax Once Director’s Loan Repaid

One Accounting’s guide on Reclaiming Tax Once Director’s Loan Repaid In family companies, many directors and shareholders maintain loan accounts with the company. As long as any loans are cleared within nine months and a day of the year end (i.e. by the date by which corporation tax for the period is due), the only […]