Should I register my business for voluntary VAT?
There are certain benefits for businesses being registered for VAT. This is why some businesses consider registering voluntarily. But is it the right decision for your business? Let’s consider the pros and cons of voluntary VAT registration.
Useful tips if you provide benefits in kind to your employees
If your company pays their employees (including company directors) any kind of benefits other than their salary, these need to be specified within the P11D form. This article explains benefits in kind, in particular company cars and medical benefits.
Getting your business ready for “Making Tax Digital”
When HMRC announced the new scheme to bring the tax system into the 21st century in 2015, their plans were ambitious. HMRC wanted to implement the new system between 2018 and 2020. Industry experts raised concerns, however, and HMRC have now proposed a revised timetable for “Making Tax Digital”.
What you can do if you can’t pay your tax bill
Nobody wants to run out of money, but sometimes we don’t plan enough in advance and a bill hits us that we weren’t expecting. But what if that bill is your self-assessment tax bill? What can you do?
Four important things you need to know as a taxpayer about the new dynamic tax codes
July 2017 brought a major change in how tax code numbers are calculated if there’s a change of circumstances. Dynamic tax codes change immediately.