Back to Tax Basics: How does VAT work?

Back to Tax Basics: How does VAT work?

by | Sep 9, 2021 | Tax, VAT

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,...
How much is corporation tax ?

How much is corporation tax ?

by | Oct 18, 2017 | Invoices, Tax

If you have a limited company, you are required to pay corporation tax on your profits. This is currently 19%. You can claim capital allowances when you pay for assets that you use in your business such as cars, equipment and machinery. You can also claim capital...
What you need to know about your personal tax return

What you need to know about your personal tax return

by | Jun 8, 2017 | Tax

Filling in your personal tax return form can feel a little daunting, so what do you need to know about your personal tax return?  Firstly all company directors of UK companies need to fill in a personal tax return, the deadline of which is 31st January 2018 if you do...