by admin | Aug 5, 2020 | Tax, VAT
All businesses in the UK, with annual turnover above the VAT threshold (currently £85k), are required to register for VAT and charge 20% VAT on their sales. This VAT must then be paid over to HMRC each quarter. Some businesses, however, can get into trouble paying...
by admin | Jul 20, 2020 | Tax
In measures to help small businesses through the COVID-19 pandemic, HMRC announced that the usual 31 July 2020 self-assessment payment on account can be deferred to 31 January 2021. How does it work? You have to make 2 payments on account every year towards your...
by admin | Jul 15, 2020 | Tax
One of the most important times of the year for any self-employed person or company director is January – tax month! It can be super stressful if you don’t get your accounts sorted in time for the new year – it really is a case of ‘ the sooner...
