Small Companies Audit Requirements

Audit exemption for private limited companies:   You may not need to get an audit of your private limited company’s annual accounts. Most small private limited companies only need an audit if their articles of association say they must or the shareholders ask for one....
VAT on Disbursements

VAT on Disbursements

Q: I am an IT consultant, operating through a VAT registered UK company. I am supplying consultancy services to another UK IT business. I have incurred hotel, travel and meal expenses, and charging these on to the company i am supplying services to. Can I treat these...
VAT on Entertainment

VAT on Entertainment

Business entertainment: Business entertainment is the entertainment provided by a business/company to people other than employees. An example of this is the entertainment provided to customers. If it is provided to employees of the company or if it is not provided...