New UK-Aus trade deal signed
Aus/UK deals marks further co-operation between two nations set on securing post-Brexit dividend. Despite the lingering impact of the pandemic, the UK government and its…
Charging charities at lower rates of VAT
There are special rules, under which a VAT-registered business can sell certain goods and services to charities at the zero or reduced rate of VAT.
Income Tax set-off of rental business losses
Where a property business makes a loss, the loss can usually be carried forward and set against future rental business profits. HMRC’s guidance is clear
Tax and customs duties for goods sent from abroad
There are special rules to help ensure that goods sent from abroad are taxed appropriately and to ensure that UK businesses supplying goods in the
VAT Flat Rate Scheme exclusions
The VAT Flat Rate scheme has been designed to simplify the way a business accounts for VAT and in so doing reduce the administration costs
Are you registered for Making Tax Digital for VAT?
Making Tax Digital (MTD) for VAT is to be extended to cover businesses with a turnover below the VAT threshold from April 2022. The MTD
Omicron funding delivered to local authorities
Just before the Christmas break, the Chancellor announced a new support package for some businesses most affected by the Omicron variant. The biggest single measure was
Postponed VAT accounting
Since 1 January 2021, businesses registered for VAT have been able to account for import VAT on their VAT return, often referred to as postponed
Northern Lights
Fintech is one of the fastest growing sectors in the UK, and that growth is being mirrored in a number of other countries that are watching the…