Good news for limited companies!
The mini budget in September had a raft of tax cuts One proposed tax increase where tax planning has been […]
Interest on late payment of tax
HMRC interest rates are linked to the Bank of England base rate, and the increase in early August from 1.25%
Employer PAYE — new recurring Direct Debit functionality
Currently employers can set up a Direct Debit to collect a single payment, but not a recurring Direct Debit. By
Not yet VAT registered? Should you be?
Make sure you keep a rolling 12-month turnover summary! A business with turnover in the previous 12-month period exceeding £85,000,
VAT – 20%, 5%, 0%, Exempt, outside scope? Which rate should you charge?
HMRC has updated their guidance document – VAT rates on different goods and services. The guide covers a range of
The Recovery Loan Scheme (RLS) – extended time limits
The new iteration of the Recovery Loan Scheme, details of which were published on 1 August 2022, will run for
The four-day week – would it work for you?
More than 70 companies and organisations with over 3,000 staff are taking part in a pilot four-day working week, with
The personal tax allowance – it can “disappear”
Currently, a taxpayer is entitled to a personal tax allowance of £12,570 p.a. which converts to a tax code of
Do you have significant capital expenditure plans for your limited company?
Get the timing right to maximise tax benefits. Life in taxation is always a moving goalpost – and things might
In a financial crisis -keep an eye on your debtors!
Late payments are expected to grow significantly in the coming months following rising inflation and interest rates. Cashflow is necessary