VAT
The annual Rent a Room limit has been increased for the tax year 2016/17 from £4,250 to £7,500 starting from 6 April 2016 which is attractive to owner-occupiers and tenants alike.
VAT can get very complicated when there are three parties involved in a transaction.
Chancellor Philip Hammond has delivered his Spring Statement 2018, and on his promise to move away from two major fiscal announcements every year.
Read September's Tax newsletter for the latest on Making Tax Digital, Stamp Duty, Inheritance Tax and VAT.
Following calls for evidence by the Treasury’s Office for Tax Simplification last year, there were intimations that the Chancellor would look at lowering the VAT threshold for his 2018 Budget.
November's Tax News round-up on issues affecting you and your business.
If your turnover is predicted to fall below £83,000 over the next year, you can voluntarily de-register for VAT. If your business ceases to trade you must de-register for VAT.
Are you over-stating your zero-rated sales? All food consumed on-premise of a business is standard-rated for VAT, only cold food consumed off-premise is zero-rated.
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If your business is VAT-registered and you have an annual turnover in excess of £85,000, are you registered for Making Tax Digital?
For the latest news on Making Tax Digital for VAT, the Employment Allowance, late tax payments and Charity Accounts Audits:
Myth busting! – 5 VAT questions and misconceptions that our Croner TaxWise Business Support Helpline hears regularly. Do you know the correct answer?
HMRC are taking a sympathetic approach to businesses regarding their tax bills.
The government has announced a raft of measures aimed at both businesses and individuals in order to support them during the Coronavirus crisis. Here is an at a glance summary of the main proposals.
If you decide to make use of HMRC's deferment of VAT liabilities during the Covid-19 crisis, it's important to submit your VAT return on time but make sure to cancel your VAT Direct Debit.
Latest announcement from Rishi Sunak focused on a 'plan for jobs' and 'getting Britain spending again'.
On 24th September 2020, the Chancellor announced that businesses who deferred VAT due from 20th March to 30th June 2020 will now have the option to pay in smaller payments over a longer period.
The Domestic Reverse Charge for VAT will be a massive change to the way VAT is collected and accounted for in the building and construction industry. Following several postponements, it comes into effect from 1st March 2021.
Arranging your financial affairs as tax-efficiently as possible before the start of the new tax year on 6 April 2022 is arguably more important than ever.
From 1st January 2023 HMRC is introducing a new penalty and interest regime for the late filing of VAT Returns and late VAT payments.
With the new year just around the corner and the tax return deadline fast-approaching...
As the conclusion of the 2023/24 tax year approaches (5th April 2024), our year-end tax guide provides you with insights and succinct summaries of the primary tax reliefs and allowances applicable for the remaining months of 2023/24.