VAT

VAT is a constantly changing tax making it essential to take expert advice. At Leonherman  we offer assistance with, VAT registration, returns and submissions. We will help with inspections and preparations of VAT.

Maximise VAT Relief on Fuel

If your car is used for both private and business travel, you have two choices when reclaiming VAT on your business fuel:

1. Reclaim VAT on all fuel but pay the fuel scale charge or
2. Only claim back VAT on fuel used for business purposes

Choosing the correct method could save you thousands of pounds over the life of your car.

Advisory Fuel Rates

Advisory fuel rates are used by employers if:

• Employees are reimbursed for the cost of fuel for business travel in their company cars or,
• Require employees to repay the cost of fuel used for private use

The following advisory fuel rates apply to all journeys from 1^st September 2012:

VAT on Capital Expenditure

Forgetting to monitor the usage of assets subject to VAT recovery can have expensive consequences. If computers costing £50,000 or more (net of VAT) or expenditure relating to land and buildings of £250,000 or more (net of VAT) are not used solely for business use you may require a VAT review.

Get in Touch

To discuss your VAT needs call  0161 249 5040 or email partners@leonherman.co.uk

• Our Services

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• Key Dates

  • October 5, 2020
    • Income Tax/Capital Gains Income Tax/Capital Gains
      
      Deadline to notify chargeability for income tax/capital gains tax. If not registered for Self Assessment or a penalty for failure to notify may apply. Complete form CWF1 for self employment or form SA1 for non self employment income. all day
  • October 19, 2020
    • PAYE/NIC PaymentPAYE/NIC Payment
      
      PAYE/NIC payment for previous month’s salary to reach HM Revenue & Customs Accounts Office (or by quarter if paying quarterly). (Deadline is 22nd if payment is electronic). all day

• Testimonials

  We have been using Leonherman Chartered Accountants for a number of years now and throughout this time we have always found them to be extremely approachable and accessible, they are extremely conscientious and knowledgeable.  The Firm have in house expertise for such things as complex tax matters and Michael is always on hand to steer us when required and is always involved in our business.   He is genuinely passionate about our Business and he cares more than many of the other profession…

  Mark Collier, Managing Director, Beloved Homecare

  I am always happy with the service I get from the team at Leonherman, they are always on hand to answer my questions (no matter how silly!) in a professional, clear and timely way.  I know my accounts are in safe hands and as a busy consultant, that really is invaluable.

  Caroline Jones @ Definite Difference Limited

  We have worked with Leonherman for the last 6 years.  During that time we have engaged with many of the team, who have in a way become an extension to our own team especially when undertaking our annual company audit.  Being part of a European owned group of companies continues to prove challenging especially when it comes to carrying out the audit and fulfilling the requirements of reporting here in the UK and in Europe.  Each year, I am astounded by the sheer amount of knowledge, profession…

  Sharon Anderton, UK Operations Manager, Group Business Software (UK) Limited

  My father used Leonherman for many years and when I qualified as a dentist 22 years ago, I naturally followed his lead and asked them to look after my accounts. My father had a successful business and they always gave him good advice and that is why I choose them.  In all the years I have used them they have been brilliant and it is like dealing with a friend who gives you good advice and looks after you.  The service we get is first class, the relocation to the new modern premises make gettin…

  Ian Hunt @ Maple Dentalcare Ltd

  Leonherman has been our accountants for over 36 years and we are extremely happy with the way they have dealt with all our Audit, Payroll and Tax issues.

  David Peppi @ Magic Box Ltd

  I first met Leonherman through a recommendation from another of their clients. I was opening a restaurant in South Manchester and Leonherman assisted me in all the financial aspects. From incorporating a company, registering it for VAT and PAYE, advising on accounting systems, raising finance and dealing with all my tax affairs – they proved invaluable. I would not hesitate in recommending Leonherman to my business contacts.

  T Khor @ Daily Catering Limited

  I have worked closely now with Leonherman Accountants and Michael Rigby as our Account Director for many years. Michael is an excellent account director / partner and his attention to detail and knowledge is second to none.  His response time and desire to please and look after his clients is an overriding factor.  We all at Focal Exhibitions Ltd find Leonherman, Michael and his team to perform with excellent professional integrity and pride.

  Director, Focal Exhibitions

  With us knowing very little about accountancy, all staff at Leonherman have been great at both returning emails and phone calls promptly and always answering, what are probably very obvious questions- patiently and politely.

  Sach Patel @ The Memeplex

  They offer a wide range of services and have a wealth of experience which we can draw on. We have full confidence in the information provided and wouldn’t hesitate in recommending Leonherman to any of our business partners.

  Gill Gage @ Parkway Prestige Limited

  I was recommended to Leonherman as I was unhappy with my previous accountant. Since I have dealt with Leonherman I can only say that the service has been excellent. The team are always extremely helpful and friendly, which has helped me greatly as I have only been running my small company for two years on my own. Their expertise and assistance has been invaluable and I would definitely recommend Leonherman to other people.

  Mark Phipps @ Linsenparts

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