VAT on storage change
The law on whether VAT must be charged on storage facilities changed from 1 October 2012. Before that date if you let out space for…
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New 'ATED' charge
The annual tax on enveloped dwellings (ATED) came into effect on 1 April 2013. This new tax applies to residential properties in the UK worth…
Read MoreResurfacing – Repairs or capital?
Tax Inspectors frequently challenge the cost of repairs in business accounts, particularly where the sum expended in one year is large. The Inspector may argue…
Read MoreVAT Mistakes
If your company makes a deliberate VAT mistake, which results in less VAT being paid over to HMRC than is correctly due, you as the…
Read MoreRTI for Seasonal Workers
Have you taken on casual workers this summer? Perhaps you are paying piece-rates for the amount of produce picked or packed by each person. Reporting…
Read MoreSelf-billing change
The procedure of ‘self-billing’ is frequently used in the publishing and construction sectors, where a large business customer engages lots of smaller businesses as suppliers…
Read MoreMy Tax Return catch up
The Taxman has launched a campaign to persuade tardy taxpayers to submit their over-due tax returns for 2011/12 or earlier years. If you have a…
Read MoreResearch and Development Claims
Did you know there is a tax relief for companies which invent stuff? The process of inventing and solving the associated problems is called research…
Read MoreWelcome to our brand new website!
Townends are proud to introduce our new website to the world today! Please take a look around and give us some feedback on our ‘Contact…
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