by admin | Mar 13, 2019 | cloud accounting, economy, HMRC, SME, VAT
What you need to know: Making Tax Digital Philip Hammond reinforced that the mandatory digital record keeping for businesses with annual revenues above the VAT threshold (£85,000) will come into force from 1st April 2019. He called this an “important...
by admin | Aug 7, 2018 | cloud accounting, DIgital, HMRC, Uncategorized, VAT
If your accountant hasn’t mentioned this yet, then you really ought to have a new accountant. Does this affect me? Are you VAT registered? Then if so, yes. This does affect you and you need to be considering whether you will be compliant in time. What is it? Making...
by admin | Mar 31, 2017 | HMRC, Uncategorized, VAT
From 1 April 2017 the VAT Flat Rate Scheme will be changing for some small businesses. Currently the flat rates percentages range from 4% to 14.5% depending on the type of business. The new percentage is 16.5% and applies to businesses with low expenditure relative to...
by admin | Jun 3, 2015 | HMRC, SME, VAT
HMRC have issued a list of makes and models of car derived vans and combi vans which VAT registered businesses can use to determine if the VAT paid on the purchase can be reclaimed as input tax. The issue is that VAT will normally be claimable in full on the purchase...
by admin | Mar 21, 2014 | employers, HMRC, SME, tax
Please find below our 2014 budget summary with the most relevant changes in the budget for our customers. Individuals Personal allowances For people born after 6 April 1948, the personal tax allowance for 2014/15 is £10,000. This will increase to £10,500 from 6 April...
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