Usual answer is no.
I have found that in case a company incures interest costs it is allowable as a deduction !
A well spent sunday afternoon!
Category: HMRC
National Living Wage
Government has implemented a new `National Living Wage` , this is in addition to National Minimium Wage.
For people over 25 year of age – National Living Wage applies for individuals under 25 years National Minimium Wage applies.
Government has launched a calculator to check if staff is being paid the minimium wage,
link given below:
From UTR to Online Registration
As 31st Jan approcahes panic sets in especially for first time user of Self Assessement.
Please note quickest way to get UTR is over the telephone – 0300 200 3310.
But after getting the UTR one has to wait for 72 hours before one can register for online services.
Good Luck !
Do i need to file a tax return ?
This is one of the most common questions asked of us.
HMRC has created a simple webpage about it. Answer a few questions about yourself and your will know.
Link to the page:
https://www.gov.uk/check-if-you-need-a-tax-return
Roy Accountants 