What is Making Tax Digital?
Making Tax Digital, currently underway, is a key part of the government’s plan to make it easier for individuals and businesses to gain tax rights and take control of their taxes. HMRC has also developed a fairly strict fine model to ensure that all companies...
Time to move to the new customs declaration platform.
In a previous article we detailed how HMRC is moving customs declarations to online declarations, click to review. HMRC is now urging businesses to move to the new customs IT platform as soon as possible to continue trading. Perhaps you have received letters from HMRC...
Q&A | How is income tax calculated?
Beginning last week, we have received more and more customer enquiries, mainly focusing on personal income tax and stamp duty required for home purchases. Today, we will mainly explain the relevant issues about income tax to help our customers understand and estimate...
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...Recent Posts
Understanding UK Tax Codes: How to File Your Self-Assessment Tax Return Online
JP Bookkeeping for Beginners: A Simple Guide for Small Business Owners
The Importance of EU Trademark Protection for Your Brand from Day One
Why UK Start-Ups Shouldn’t Neglect VAT Registration to Stay VAT Compliant
10 Essential Accounting Tips for New Business Owners
