Tax for Companies / October 24th 2014

What is the VAT filing deadline?

For businesses that are registered for VAT, there are two parts of dealing with filing for VAT, filing of the VAT return and payment of the VAT liability due. All businesses will need to file VAT returns.  Most businesses will need to file a

As a VAT registered business, there are a number of advantages and disadvantages (see here). There may come a time however where your business will soon cease to trade or you may feel that the time has come to cancel your VAT registration. Alternativ

Value-Added Tax (VAT) is one of the most complicated taxes that is charged on the sale of a final good to the consumer. It is a form of sales tax which is charged across the European Union (EU). Even though VAT may be charged on goods and services wi

VAT registered businesses that supply goods and services may have to complete an EC Sales List (ESLs). Another system for collecting statistics on the trade of goods between EU member states is called Intrastat. The movement of goods between member s

When your taxable turnover exceeds the £81,000 threshold, it becomes compulsory to register for VAT in the UK. Those companies whose turnover does not exceed this threshold can voluntarily register for VAT.   As a VAT registered busin

When you operate a UK business, selling goods to the EU may be a positive sign of growth and success for your business. It is very important that you understand the rules and requirements on how to account for these sales because cross-border transac

Corporation tax is payable by UK Companies on their profits.  The rate of tax starts from 20% and rises to 24% (although the marginal rates can exceed this). The rate of tax paid by a business depends on the level of profits.  The lowest rate of

Many businesses worry about the tax issues associated with staff entertainment. From a corporation tax perspective, a company is allowed to spend any amount on staff entertainment, on the basis that it is for the purposes of their trade. There are ot