A Simple Guide to Tax and National Insurance When You Go Self-Employed

tax and national insurance if you're self-employed

When you are self-employed it is your responsibility to work out your own tax and national insurance, then report it to HMRC. This guide covers everything you need to know about self-employment taxes including how much you can earn before you pay tax and national insurance and a calculator help you work out how much you owe.

How to Leave the Flat Rate VAT Scheme

UK Legal Structures

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

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?

lost vat receipts

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.

How to Claim VAT Back on Expenses

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

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?

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.

Step-by-Step Guide to Completing Your Tax Return Online [2018/2019 Edition]

how to complete your tax return online

Step-by-Step Guide to Completing Your Tax Return Online [2018/2019 Edition]. Quickly and easily complete your self-assessment tax return online using this easy step-by-step approach. My guide walks you through completing your tax return from start to finish. I’ll show you what you need to have ready to make completing your return a breeze as well (more…)