Businesses with either a turnover of more than £10 million or more than 20 employees, and undergoing significant growth, can now seek expert help from HMRC growth support specialists. There are around...
Once your VAT registration is complete you will need to update your invoices as you need to include your VAT number on all your invoices. A VAT registered business can usually claim back the purchase...
You dont need to hit the threshold to register for VAT, you can do this volunatarily. Why? Your business may benefit from it. Basically, a business will pay VAT on all purchases it makes (known as ‘input...
WHAT IS VAT?......... Value Added Tax (VAT) is levied on the sale of goods or services by UK businesses. It applies to all goods and services that are bought and sold for consumption in the EU. VAT is...
The bank tried to use a tax avoidance scheme to claim an exemption from tax by generating an artificial loss on the purchase and sale of dividends without disposing of the underlying shares – a process...
A jailed luxury car dealer, who built a property empire with profits from a VAT scam involving Lamborghinis, Porsches and Mercedes, must repay £2 million. Sarju Popat, 51, from London, was jailed...
Just a heads up folks! The latest HMRC Scam is doing the rounds. If you get an email with an attachment and Your 2016 Tax Report as the subject do not open it. Please forward it to phishing@hmrc.gsi.gov.uk...
A County Fermanagh farmer, who was jailed in 2014 for stealing £1.3 million in fraudulent VAT repayments, has been ordered to pay back more than £390,000, or serve a further three and a half...
Its almost the year and and time to do your tax return. If your CIS get in touch. Appointments and returns and done on a first come first served basis! Quicker you get in touch the quicker we can get your...
Both the Living Wage and the Minimum Wage will be increasing. The rates from 1 April 2017 will be: £7.50 per hour (up 30p) - aged 25 and over £7.05 per hour (up 10p) - aged 21-24 £5.60...
An Edinburgh businessman, who owned two Indian restaurants in the city, has been sentenced to 21 months in prison after his VAT evasion was uncovered by an HM Revenue and Customs (HMRC) investigation....