by Oasis Accountants | Apr 4, 2023 | Newsletter
Taxpayers – Tax Cuts effective from 6th April 23 Income tax Cut the basic rate of income tax to 19% Currently, people in England, Wales, and Northern Ireland pay 20% on any annual earning between £12,571 to £50,270 45% higher rate of income tax abolished One single...
by Oasis Accountants | Apr 4, 2023 | Newsletter
A Director’s Loan Account (DLA) is “Money taken from your company’s accounts that cannot be classed as salary, dividends or legitimate expenses”. In many cases, Directors are unaware that even owe money to the company. Until the money is repaid...
by Oasis Accountants | Apr 4, 2023 | Newsletter
The Scheme is a government backed initiative set up to help UK businesses of any size access Business Loans and other kinds of finance so they can recover after the pandemic. The new scheme replaces previous schemes such as CBILS and the Bounce Back Loan Schemes that...
by Oasis Accountants | Apr 4, 2023 | Newsletter
ince they were introduced in May of last year (2020), more than one million Bounce Back Loans have been approved, with more than £30bn of funding landing in the accounts of the UK’s small businesses. However, for some businesses, even these attractive loans will not...
by Oasis Accountants | Apr 4, 2023 | Newsletter
HMRC has issued Revenue and Customs Brief 7 (2021) to explain its policy concerning the VAT treatment on the cost of charging of electric vehicles when using charging points situated in various public places Recovering input tax for charging electric vehicles...
by Oasis Accountants | Apr 4, 2023 | Newsletter
Articles of Association The articles of association set out the rules according to which a company must be run and administered. The articles of association form a contract of membership between the company and shareholders. They regulate a variety of matters such as...
