What is a car or commercial vehicle?

We all know the difference between a car and a van, don’t we? For tax purposes, as you might expect, it is not always that obvious but, given the tax treatment of vans is much more favourable than cars, it … Continue reading

Two thirds of VAT penalties overturned

Two thirds (65%) of all penalties and decisions issued by HMRC to taxpayers in relation to VAT matters are subsequently found to be incorrect and are overturned on internal review, according to research by UHY Hacker Young. The firm’s analysis … Continue reading