Recent developments

A selection of recent developments and special work

Online VAT

HMRC rolled out their new online VAT system on 23 November in preparation for compulsory online filing from 1 April 2010. We registered as an online filing agent straightaway.

November 2009

Capital reduction

The management team had bought a company. Although they had turned it around and it was now profitable, it could not pay dividends because of accumulated losses. We used the facility in the new Companies Act to eliminate the accumulated losses by reducing the share capital. The company will now be able to pay dividends from future profits

October 2009