Income tax is a type of tax you pay on your earnings – find out about what it is, how you pay, check you’re paying the right amount and the reliefs available to reduce what you pay.
Congratulations your business growing! Becoming VAT registered represents a major milestone for your business, it does bring with it more responsibilities. In this guide, I’ll share some helpful hints to get you ready for completing your first VAT return.
From registration to de-registration, VAT schemes and thresholds, these guides will take you through the basics every UK small business owner needs to know. Learn the Thresholds. VAT Register Your Business. Claim Back Everything You’re Entitled to.
When you’re registered for VAT you’ll need to begin charging VAT at one of the three rates in use – 20%, 5% and 0%
In this guide, I’ll explain about the VAT registration thresholds, how to calculate whether you have reached the limits and what happens once you go over it.
A guide to the VAT deferral scheme allowing businesses to delay payment of VAT between 20 March 2020 and 30 June 2020.
Advisory fuel rates are the set fuel rates that you need to use when reimbursing employees for business travel in a company car.
There are four ways small businesses can reclaim VAT on fuel. Use this guide to find out more about each how input VAT should be handled.
Cars can be expensive, so if you are buying a new business car then it’s worth understanding whether you can reclaim VAT you have paid.
VAT schemes explained, why HMRC introduced them, how to choose the best one for you and which ones are available for small businesses.
For Updates + FREE Sole Trader Tax Toolkit
The information contained in this website is for guidance and information purposes only. It should not be relied upon as professional accounting, tax and legal advice. For specific advice relevant to your own situation, always contact a professional.
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