Category: VAT

business manager

Tips for Creating an Office at Home

Overseeing office work from home is very beneficial and with the passage of time, many entrepreneurs are realizing this importance. Although it becomes quite hard to sustain a wall between your professional and personal life, you will get it when working in an extra room, a house, or maybe a building will not cost you […]

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Marriage Allowance

HMRC is having the drive to encourage people to claim the marriage allowance.  Introduced in 2015, the marriage allowance enables one partner in a married couple or civil partnership to transfer part of their personal allowance to the other partner. It is worth claiming if one partner is not able to use all of their […]

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How can I Change My Business Service Address?

Are you running your business, and want to officially register it as a Limited Company? The registrar of all the UK businesses; “Companies House” requires you to provide a service address of each of the director, PSC, secretary and member of the company (Ltd, LLP). This address is part of the public information and available […]

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Bookkeeper vs. Accountant – Who’s Right for Your Business?

What is bookkeeping and accounting for business services? What is their role? What is the difference between the two terms? And which one is right for your business? If you are a business owner, regardless of the type of your business, you must have either encountered, are encountering, or will soon encounter these questions in […]

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Contractors – Tax on Dividends

Most contractors operating a limited company will pay themselves a mixture of a salary and dividends, as this allows them to make considerable tax savings. Dividends are payments made to the shareholders of a company – which, in the case of your limited company, generally means you alone.Dividends themselves are not tax-free; they qualify as […]

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Distance selling into the UK from other EU countries and VAT

If you’re a VAT-registered business outside the UK but in another European Union (EU) country and you sell and deliver goods to customers in the UK or the Isle of Man who aren’t VAT-registered – and don’t have to be registered – then you’re ‘distance selling’. Sales you make to customers who are VAT-registered don’t […]

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Second hand Vehicles

Second-hand Vehicles And Margin scheme

Taxation is one of the most important concepts to be understood for any good business. There are several ways through which anyone can understand and finish their taxation issues on a regular basis. VAT Margin Scheme is among the most popular schemes for vehicle sales and purchase agencies. This scheme applies to most of the […]

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Capital Allowances

Capital Allowances are tax reliefs that allow businesses to deduct the cost of certain capital assets from their taxable profits. All businesses can claim capital allowances on qualifying assets that they buy and keep to use in their business. The most common assets that businesses purchase and qualify for capital allowances are: Machines, equipment, Furniture, […]

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