Upcoming changes to VAT penalties and interest charges！
HMRC has released an important update today (more detailed guidance will be released in December 2022), and this update will concern every taxpayer. From 1 January 2023 the default surcharge will be replaced by a new penalty if you delay filing your VAT return or...
‘Please do something, my financial affairs are in a tangle.’
"My company has never been hit this hard since its inception, as you can see. I think about it every day, ever since prices went up. It's suddenly half of my company's expenses and we're trying to squeeze profits but it still can't maintain the previous customer...
Have you received an allowance of up to 4,000 pounds?
The last article mentioned that the UK inflation rate has reached a new high , and the cost of living and prices have become a headache for people. In fact, in addition to our own response to rising prices by reducing our daily spending, the government has...
UK inheritance tax ranks among the most hated taxes!
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!
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
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)
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?”
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
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
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...
