Back to Tax Basics: How does VAT work?

Back to Tax Basics: How does VAT work?

content Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain.   Most businesses with annual sales of £85,000 or more have to register for VAT. And even if your sales are below that level,...
P is for purpose, not profit

P is for purpose, not profit

content Why does your business exist?   Your purpose is three to seven words explaining why your business exists for your customers; it should be about them, not you. It is a small statement with immense power – your reason for being.   EXAMPLES:...

Three Tips for Streamlining Your Workflow

Improper business workflow affects efficiency and performance in the workplace and can lead to a loss of profits. Here are some tips on how to streamline the business workflow. Streamlining business workflow, which is applicable across all departments, can be a...

Post Brexit VAT changes

Changes to VAT rules from 1 January 2021   The UK continues to levy VAT and the rules relating to UK domestic transactions continue to apply to businesses as they did previously. VAT procedures, on the whole, remain as those prior to 31 December 2020, but there...