Maternity Allowance for the Self-Employed Explained

Maternity allowance is a statutory benefit paid to mums to be who are not entitled to statutory maternity leave and pay. When someone is employed, they are usually entitled to statutory maternity pay and leave. Their employer will organise this for them and include it on their payslip before paying it to them on behalf (more…)

How to Leave the Flat Rate VAT Scheme

Leaving the flat rate scheme is simple enough to do. This guide walks you through not just how to leave but also when to do it and what the implications are. Should You Leave the Flat Rate Scheme? You can leave the VAT Flat Rate Scheme either through choice or if you no longer meet (more…)

VAT Margin Scheme for Cars Explained

The VAT margin scheme for cars can save second-hand car dealers money. This guide explains which vehicles can be included in the scheme, how it saves businesses money and how to calculate figures for the VAT return as well as all the records you need to keep. How Does the VAT Margin Scheme for Cars (more…)

What is a VAT Receipt?

Reclaiming all the VAT you are entitled to will reduce your VAT bill or even create a VAT repayment. Keeping the right records is essential to support any claim you make.

Business Mileage Tracker 2019 (Excel)

Claiming for your business mileage against your taxes reduces your tax bill. Here’s a business mileage tracker to help you, along with some guidance on how to use it.

How to Claim VAT Back on Expenses

If you are newly VAT registered then this guide will help you understand which expenses you can and can’t claim VAT on, how you claim VAT and the evidence you are going to need.

Can I Reclaim VAT on Cars and Fuel?

Reclaiming VAT on cars and fuel can be a complicated area. The answer depends on how you bought the car, what you’ll use it for and how you choose to claim for the cost of fuel.

Do I Need to Register my Side Hustle as a Business with HMRC?

Having a side hustle can be hard enough without having to worry whether you are doing something wrong in HMRC’s eyes. Here’s some advice to help you assess your own situation and decide what the most appropriate next steps are for you to take next.