by admin | Jan 17, 2023 | Government Budgets, Tax Compliance
For all VAT accounting periods starting on or after 1 January 2023, the way that HMRC charges penalties and interest on late VAT payments and returns is changing. The old default surcharge system, where a default percentage of the late VAT amount was levied on day one...
by admin | Dec 14, 2022 | Hints & Tips, Tax Compliance
On 17 November 2022, the UK Government Chancellor, Jeremy Hunt, confirmed that the planned rise in corporation tax will go ahead on 1 April 2023. This means what the rate of corporation tax will increase to 25% for profits for the financial year 2023-24. But it’s not...
by admin | Dec 6, 2022 | Hints & Tips, Tax Compliance
With under 60 days until the self-assessment deadline, are your tax affairs in order? The deadline for online submission of self-assessment tax returns for individuals and sole traders is 31 January 2023. This applies to all sole traders, company directors and...
by admin | Nov 14, 2022 | Hints & Tips, Tax Compliance
Choosing which type of business structure to operate can be confusing and difficult. In this series of articles, we look at the pros and cons of each structure to help you decide which one is best for you A sole trader is the simplest type of business structure. This...
by admin | Sep 29, 2022 | Hints & Tips, Tax Compliance
Choosing which type of business structure to operate can be confusing and difficult. In this series of articles, we look at the pros and cons of each structure to help you decide which one is best for you. A partnership – sometimes referred to as a general partnership...
by admin | Sep 29, 2022 | Hints & Tips, Tax Compliance
Choosing which type of business structure to operate can be confusing and difficult. In this series of articles, we look at the pros and cons of each structure to help you decide which one is best for you. A limited company is a business which is owned by shareholders...
