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What is Called Up Share Capital Not Paid?
In the world of corporate finance, the concept of share capital holds great significance. One term that frequently emerges is “unpaid called-up share capital.” This guide aims to provide a comprehensive understanding of unpaid called-up share capital, its representation on the balance sheet, whether it is considered an asset, and shed light on relevant examples. …
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Why Is My VAT Registration Taking So Long? (How Long Does It Take)
If you have registered for VAT, and still haven’t received confirmation back, it’s understandable that you might be concerned. Occasionally there can be a VAT registration backlog, or there could have been an issue with your registration. This short guide explores the factors that contribute to why it is taking so long to get VAT…
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Can a P45 Be Issued Before Final Pay? (Understanding Timing & Uses)
When leaving a job, employees often receive a P45 form, which is an important document for tax purposes in the United Kingdom. However, questions may arise about the timing of issuing a P45 and its implications for final pay and subsequent employment. In this short guide we will explore the various aspects related to the…
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Can You Close a Company with a Director’s Loan?
Closing a company can be a complex process, especially when there are outstanding debts, including a director’s loan. Running a small business sometimes doesn’t go to plan and debts can build up. If you can’t repay those debts, you could end up in a situation where ultimately you need to close the company. Decisions will…
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Do I Have to Inform HMRC If I Inherit Money in the UK?
Inheriting money or property can be a significant life event, but unfortunately it will normally mean a bereavement so can be a testing and difficult time. There will be many things you need to resolve which will also raise questions about tax obligations and reporting requirements to HM Revenue and Customs (HMRC). In this guide,…
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Does Uber Charge VAT on Fares the UK?
Uber journeys are rising in popularity for business journeys, but this also means the question of VAT on Uber fares in the UK is a frequent one. This can include whether you can claim VAT back on Uber charges. This guide will explain the specific regulations regarding VAT (Value Added Tax) on Uber fares, including…
