This category contains 4 posts

GENERAL VAT RULES – Guide prepared 08 Sept 2017

B2B supply of services (includes businesses, charities, government departments or any other organisation involved in business or a mix of business and non-business activities). For our purposes, place of supply is generally where the customer is based/registered. For EU business customers, proof of trading must always be requested preferably VAT registration. Notice 741a     … Continue reading

VAT Flat Rate Scheme – Completing the return.

The flat rate scheme is designed to simplify the VAT accounting process for small businesses with taxable turnover of £150,000 or less (as at May 2016). An overview can be found here. FILLING OUT THE ONLINE VAT RETURN FORM All the boxes on the return MUST be completed. If a box is not relevant, insert … Continue reading

April 2016: Do you know what’s changed?

I’m keeping this simple, and relevant to my client base – small limited companies, partnerships and sole traders. Here’s a list of changes to be aware of, starting this tax year: 1. Personal Allowance: Increases to £11,000 so nil tax to pay on the first £11,000 of total earnings unless you earn more than £100,000 … Continue reading


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