ITSA refund security checks

11th October 2024 by Joanne Stoneman

You’re due an income tax refund of £1,200 from your 2022/23 tax return which you filed in December 2023. Unbelievably, the refund is still held up by HMRC’s security checks. How can you speed up the repayment?

Boost your family’s pension fund tax efficiently

10th October 2024 by Joanne Stoneman

Your spouse hasn’t paid into her pension fund since giving up work to have children. You’ve been told that you can pay contributions on her behalf. As a company owner manager, is it more tax efficient for you or your company to make the payment?

Is VAT due on fees you charge to late-paying customers?

4th October 2024 by Joanne Stoneman

Your business has experienced problems collecting money from certain customers so you will include late payment penalties and interest clauses in future contracts. How will these sources of income affect your VAT returns?