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Tax

VAT registration in the UK – What is VAT registration?

VAT registration in the UK – What is VAT registration? What exactly is VAT registration? VAT registration in the UK is legally required when your taxable turnover is more than £85,000. Do I need to register for VAT? In the
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Personal, Tax

Tax Rates and Allowances

With changes in the tax system now an ever-present feature, our up-to-date experience is available to ensure clients” tax liabilities are planned to be at a minimum. The main changes announced for 2019/20 are: Personal allowance increases to £12,500 Basic-rate
Tax issues with crowdfunding explained (questions and answers)
Tax

Tax issues with crowdfunding explained (questions and answers)

Crowdfunding tax issues explained (questions & answers) Questions My limited company client’s normal business activity is the design, build and installation of seasonal in-store displays for retailers. They are unable to work in this field because of the Covid-19 restrictions.
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Tax

Significant lack of awareness around gifting rules for IHT

A new report published by the National Centre for Social Research (NatCen) and the Institute for Fiscal Studies (IFS) has revealed a worrying lack of awareness about the Inheritance Tax (IHT) benefits of making a gift. Its study found that
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Personal

Separation and divorce

Allowances The married couple’s allowance is only available to couples in which at least one spouse or civil partner was born before 6 April 1935. The allowance will cease at the end of the tax year in which separation occurs.
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Tax

HMRC update company tax return guidance

HMRC update company tax return guidance HMRC have updated their guidance on how to complete a company tax return to include information about capital allowances and the non-resident landlords scheme to make things clearer for software developers and their customers.
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Tax

HMRC postponed digital links for Making Tax Digital (MTD) for VAT due to COVID-19

HMRC postponed digital links for Making Tax Digital for VAT due to COVID-19 In the light of COVID-19 pandemic, HMRC has postponed the digital links requirements for Making Tax Digital (MTD) until April 2021 due to COVID-19. Below is an
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Business

Half of SMEs prefer experienced workers

People aged between 35 and 54 are at the top of the hire list for small businesses in the UK, research by Aldermore has revealed. In a survey of 1,002 SME business leaders, 50% said they would choose to hire
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Personal, VAT

France Anti-Fraud Act 2020

France Anti-Fraud Act 2020 After the United Kingdom in 2018 and Germany in 2019, it’s now France’s turn to introduce new legislation that tackles VAT fraud in the e-commerce industry.  Who is affected by this Act? Marketplaces such as Amazon
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Tax

EU VAT Registration – Do I need an EU VAT number?

EU VAT Registration – Do I need an EU VAT number? Businesses expanding their activities across Europe may face a lot of VAT complexities which can be off-putting. That is why we have put together a short article that will
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Tax

Deferral of VAT payments due to coronavirus (COVID-19)

Deferral of VAT payments due to coronavirus (COVID-19) Deferral of VAT payments due to coronavirus (COVID-19) On 20 March 2020, the Chancellor announced a temporary deferral of VAT payments due between 20 March 2020 and 30 June 2020 to help
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Tax

Covid-19: self-employed scheme opens early

Covid-19: self-employed scheme opens early The Treasury has formally launched the self employment income support scheme (SEISS) for self employed individuals or members of partnerships whose business has been adversely affected by coronavirus, with payments expected before the end of the month.