VAT on grant income should be considered on a case by case basis.

Correcting payroll in a tax year that has finished.

The VAT threshold changes from 2024-25 tax year

Understanding on which tax year dividends income should be declared

Tax deductions available for clothing

Should I charge VAT when I invoice to reclaim expenses?

There is no tax to pay on the first £1k of trading sales. If your sales as a Sole Trader are less than £1k …

Our first recommendation is always to submit the return. HMRC will not discuss payment terms until the return is submitted. If returns are not submitted…

Payments on Account are based on income declared in the previous tax year. If you believe that you income will be reduced…

Self Assessment Payments on Account explained

If you are selling goods overseas, you can Zero Rate your supplies as long as you keep proof of dispatch. Services…

A Christmas Party is entertaining. Entertaining staff who are on PAYE is tax deductible for business tax…

The answer to this question will be different for Ltd Companies and unincorporated businesses…

Domestic Reverse Charge on Building Materials

HMRC expects everyone who has been sent a ‘Notice to File’ to submit a Self Assessment…

Xero Smart Lists is a feature found in Contacts that allows you to categorise customers. Xero provides…

Higher Income Child Benefit Charge allows HMRC to take back Child Benefit from families where…

Do I need to declare PAYE on my Self Assessment?

Assuming there is retained profit after tax in the business, Directors can vote dividends whenever they like…

Capital Gains Tax on property must be reported and paid to HMRC within 60 days of the date of completion of the sale.