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RGA Advice

Useful advice from the team at RGA.

Company Cars

Information on company vehicles for your business.

Is flat rate vat still worth doing in your first year?

Until now, you have been able to take advantage of the flat rate vat scheme “to make money out of the vat people”. The changes from 1 April 2017, to a flat rate of 16½% instead of 12%, 14% or 14½%, have basically brought this to an end. But not altogether!

Changes to the Flat Rate VAT Scheme

You may have read of the unexpected announcement in the Chancellor of Exchequer’s annual statement on 23 November of changes to flat rate vat, which will impact on many of our flat rate clients. If you are not flat rate vat registered, this does not apply to you.

Dividend Versus Salaries

You will have heard about the changes to how dividends are taxed after 5 April 2016, assuming that the proposed legislation on the matter is implemented. The purpose of this article is to briefly summarise and partially illustrate the implications, and to set out what you as director of one of our client companies can do about them.

Privacy Statement

Our Privacy Statement: What you need to know.

Directors Drawings

“Drawings” are the amounts you extract from the company for yourself. You take these, preferably in round sum amounts, maybe weekly or monthly.

Latest News

06 Jan 2026

Inheritance Tax reliefs threshold to rise to £2.5 million for farmers and businesses

The level of the Agricultural Property Relief (APR) and Business Property Relief (BPR) thresholds will be increased from £1 million to £2.5 million, the government has announced.

06 Jan 2026

E-invoicing will be fundamental change for VAT-registered businesses

The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the Chartered Institute of Taxation (CIOT).