by James Hellyer | Apr 24, 2023 | Corporation Tax, Income Tax, National Insurance, VAT
Taxes are one of the certainties of life, according to Benjamin Franklin, and if you are in business it pays to know for which taxes you are liable. Understanding the taxes that your business is required to pay can help you plan and budget accordingly. There are...
by James Hellyer | Oct 10, 2022 | Making Tax Digital, VAT
Time is fast running out for VAT-registered businesses to be ready for Making Tax Digital filing. From the start of next month, organisations will no longer be able to submit VAT returns through their existing online account. By law, all VAT-registered businesses must...
by James Hellyer | Jun 20, 2022 | CIS, PAYE, VAT
Downsizing business operations is a perfectly acceptable response to economic pressures, and this may lead to an absence of activity for a period of time. This would have been the likely experience of businesses subject to recent lockdown restrictions. Unfortunately,...
by James Hellyer | Oct 11, 2021 | Practical considerations, VAT
The temporary reduced rate of VAT (5%), introduced to assist qualifying hospitality trades disrupted by COVID lockdown measures, was increased to 12.5% from 1 October 2021. Based on present information, from 31 March 2022, this 12.5% rate will revert to the 20%...
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