News & Press

The Flat Rate Scheme (FRS) for VAT is a much more simplified version of the normal VAT Scheme. The basic principles of the FRS are that you charge VAT on your sales as normal, but that when it comes to calculating your VAT payable to HMRC,...

This can also include goods and services that are imported into the UK from EU countries. In the UK, there are currently three different rates of VAT: Standard (20%), Reduced (5%) and Zero (0%). The type of good or service will determine the...

There may come a time during your life where you are required to change where you live, maybe due to family circumstances, your career requires you to do so or you just prefer to live elsewhere in the world. One consideration you may have is...

Once you have set up a company with your company formation agents, there are a number of complex factors to consider including personal tax, company tax, accounting and legal matters. This is why it can be beneficial to seek professional...

New company formations need to ensure that they are operating in-line with current regulation from the day that they become incorporated. It is important to ensure that your company is registered for VAT and PAYE if they need to be and any...

One of the most important considerations when incorporating a new company is to fulfill the necessary tax requirements. For this reason tax consultants play a vital role in ensuring that their clients are paying the correct but lowest amount...

Do I fancy that slice of birthday cake your colleague just bought into the office? Or do I fancy just one more biscuit to dunk in my morning tea? Everyone loves a cake or some biscuits whether this is at home or in the office. But no matter...

The alternative lending business contains a number of specific tax issues and opportunities and it is understanding these, planning accordingly and meeting the compliance requirements that are going help you to minimise your tax...

Businesses that operate in the UK and have “taxable supplies” are only required by law to be VAT registered broadly if they turn over £83,000 per annum. This means that very small businesses do not need to be VAT registered, although they are...

Of all the taxes in the UK, most of all newly incorporated business are interested in finding out more information regarding VAT (or Value Added Tax).When you operate a business, it is important to understand the rules, requirements, possible...

Quite simply, the MOSS system is a simplified way to declare and pay the VAT you owe across the EU in one place, normally in the country where you are also established, and VAT registered.As is always the case with VAT, the detail is somewhat...

A number of our clients that operate VAT groups have been enquiring whether Sage 50 will be able to manage the submission of group VAT under Making Tax Digital (MTD). You will be pleased to know that it can via the MTD submission module. You...