Accounting Blog | Tax & VAT Guides

UK inheritance tax ranks among the most hated taxes!

by Admin | Apr 28, 2022 | BLOG, Tax

Inheritance tax has been ranked as the top three most hated taxes in the UK for the past decade, and remains firmly in second place. In addition, Stamp Duty Land Tax (SDLT) came in third, while Council Tax was awarded the number one spot. Respondents to the survey of...

Changes to the UK customs system are coming!

by Admin | Apr 26, 2022 | BLOG, E-Commerce, Making Tax Digital

The EU (except the island of Ireland) and the UK government have provided information on upcoming changes to the UK customs system in 2022. Here is what you need to do to prepare for the change. Migration to a single UK customs platform The UK...

UK inflation hits 30-year high

by Admin | Apr 25, 2022 | BLOG

Why is the inflation rate refreshed? UK inflation is rising at the fastest pace in 30 years, according to the latest figures released by the Office for National Statistics (ONS). As a result, our cost of living crisis is deepening. The consumer price index (CPI)...

Five minutes to understand the UK plastic packaging tax (PPT)

by Admin | Apr 22, 2022 | BLOG, Tax

The new tax on plastic packaging in the United Kingdom (UK) came into effect in April 2022. This is the UK government's bid to crack down on the use of single-use plastics. This is a new tax to encourage greater reliance on recycled plastic. The tax will apply to...

“Should the self-employed be registered for VAT?”

by Admin | Apr 21, 2022 | BLOG, HMRC, VAT

As a self-employed person, managing your tax liability can be especially tricky. You don't have the support of an in-house finance team. It's hard to navigate all these complex regulations on your own. Value added tax (VAT) is a particularly complex issue....

You have an R&D tax credit pending

by Admin | Apr 20, 2022 | Business, HMRC, Tax, Technology

The Research and Development (R&D) tax credit is designed to encourage innovation and increase expenditure on R&D activities by companies operating in the UK. It is one of the UK Government's top incentives for investment in R&D, allowing companies to...

Loan Guidelines

by Admin | Apr 19, 2022 | BLOG, News Hub, Tax

Are you planning to take out a loan to buy a house recently? Living and working in peace and contentment is everyone's yearning. With the current high property prices in the UK, many buyers will prefer to use loans to purchase properties. This article hopes to let...

Amazon To Unveil New Belgian Delivery Centre

by Admin | Feb 26, 2022 | BLOG, crossborder selling, E-Commerce, News Hub

Amazon have announced plans to open its first logistics centre in Belgium this year. The centre will be used to receive, sort and send packages across the country and will be stationed in Antwerp. Whilst this is great news for...

B2B Businesses Set To Invest Heavily In Digitalization

by Admin | Feb 19, 2022 | BLOG, News Hub, Technology

It seems that B2B companies are starting to follow the trend being set by their B2C counterparts and are about to delve deeper into the digital world. Over 80% of businesses have said that they are planning to increase their investment into the digital side of their...

Ebay To Remove Final Value Fee Volume Discounts

by Admin | Feb 17, 2022 | BLOG, E-Commerce, News Hub

“We want to share some news with you about an update to fees which will affect some sellers.From 20 March 2022, business sellers will no longer be eligible for final value fee volume discounts. This will only affect you if your total sales volume has been at least...