
VAT Penalty Regime from 2023
Filing a VAT return or paying the tax office is all a business needs to know after registering for VAT. Once your business has a VAT number, it means you are obliged to make regular VAT returns. You can read about the detailed VAT points system and the latest penalty...

VAT Services on Amazon – J&P Accountants
If you're running your business or providing digital services on the Amazon platform at the moment, you plan to sell across borders. You may need to understand the VAT knowledge necessary for e-commerce on the Amazon platform. Although many of our previous articles...

VAT for Selling Goods Between NI and the EU
VAT registration has become very complicated due to the different tax laws in different countries around the world. VAT registration is a necessary requirement for global trading companies. Not only that, but VAT registration and compliance can be made more difficult...

Energy Price Cap for Your Businesses
Previously, we mentioned in the article that the Energy Bill will freeze the cap on household energy bills starting October 1 this year for two years. The same looming businesses will also receive financial support for six months from October in a scheme that will...

What are the “sequelae” of pound slumps
In our previous article we mentioned the new Prime Minister's proposed mini-budget, which includes a slew of tax cuts and changes to ease the crisis in national life. In fact, the rise in interest rates has made a large number of overseas investors wary of the pound...

Mini-budget 2022:What has been announced?
The mini-budget released today is arguably the first official budget statement issued by the new prime minister since taking office. Many people are expecting a series of effects from these changes. The budget covers tax changes to drive economic growth and improve...

Could the Windfall Tax Be an Antidote?
At the UN General Assembly recently, UN leaders called on all developed countries to impose a windfall tax on fossil fuel companies. Earlier we mentioned that the new Prime Minister's energy plan does not impose a windfall tax on energy companies, but temporarily...

What the New Energy Bills Plan Means for You?
Last week we mentioned the new energy bill solution issued by the new Prime Minister. The average household's energy bill will be capped at £2,500 (subject to circumstances) for two years from October this year. What does the Prime Minister's new energy plan mean to...

King Charles won’t have to pay inheritance tax
We mentioned in our previous article the top four most hated taxes in the UK, and inheritance tax is one of them. Because British law stipulates that when people die and leave their relatives with assets exceeding a certain amount, they will need to pay 40%...

How Money Change Following Queen’s Death
Last week, King Charles' reign began as the era of Elizabeth II came to an end. It's with a heavy heart that we remember everything about the Queen, but life goes on for a long time. While the Queen has become an integral part of our everyday lives after 70 years on...