by Admin | Sep 26, 2022 | Budget
On the 23rd of September 2022 Kwasi Kwarteng, the Chancellor, held a mini budget with the aim of encouraging growth in the economy. The main points were: Corporation tax will remain at 19% (Instead of increasing to 25% from 1 April 2023). The annual investment...
by Admin | Apr 6, 2022 | VAT
VAT threshold 2022 The VAT threshold for 2022 is £85,000. This means that if your taxable turnover is more than £85,000 in the previous 12 months, you may need to register for VAT. The VAT rules are pretty complex. Not all sales count towards the VAT...
by Admin | Feb 3, 2022 | Making tax digital
MTD for income tax (MTD ITSA) If you’re a landlord, or you’ve got a business, Making Tax Digital for income tax (MTD for income tax) may really impact you. You’ll have to keep your records electronically and submit income and expenditure details to HMRC at...
by Admin | Nov 23, 2021 | Updates
The Institute of Chartered Accountants has just released its Q4 UK business Confidence report, showing a weakening of business confidence. The main reasons are skills shortages, staff turnover, increased costs, and transport problems. It has to be pointed out that...
by Admin | Oct 12, 2021 | VAT
HMRC VAT – If you’re in business, or thinking about starting a business you need to know about VAT. In this article we look at: What is VAT? Do I have to charge VAT? What you have to do if you register for VAT How we can help What is VAT VAT...