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    Tax Funding

    Blogs from the flipside of finance

    What will the new Reverse Charge VAT changes mean to your construction business?
    16 August 2019

    What will the new Reverse Charge VAT changes mean to your construction business?

    This October, the government are planning to introduce changes to how VAT is paid in an attempt to reduce VAT fraud. Reverse charge VAT will mean that customers will pay tax directly to HM Revenue and Customs (HMRC)...

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    Self-Assessment Tax – what’s so important about 31st July?
    24 June 2019

    Self-Assessment Tax – what’s so important about 31st July?

    Payment on Account is a tax payment made twice a year by self employed people as a means to spread the cost of that year's tax liability.

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    Avoid overdue payments with a short term VAT loan
    22 May 2019

    Avoid overdue payments with a short term VAT loan

    Research shows that UK businesses owed £3 billion to HMRC in overdue VAT payments in 2017/18, up from £2.48 billion in 2014. This figure had remained consistent in recent years, but the present economic climate may...

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    How to pay your tax bill after the HMRC credit card changes
    15 May 2019

    How to pay your tax bill after the HMRC credit card changes

    If you are one of the many thousands of self-employed due to pay your Self Assessment Tax there's a big payment change that you need to be aware of.

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    Are you one of the 750,000 still to submit your self assessment tax return?
    8 February 2018

    Are you one of the 750,000 still to submit your self assessment tax return?

    New details from HMRC suggest that in addition to the 10.7 million people who submitted an online self assessment tax return on time, as many as 750,000 are still overdue and now run the risk of a potential £100 fine...

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    Businesses need more clarity on VAT import taxes
    26 January 2018

    Businesses need more clarity on VAT import taxes

    With significant changes to VAT import taxes potentially due this year, our Managing Director Peter Alderson discusses how small businesses need to be better represented.

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    Top tips to help you meet the tax deadline
    22 January 2018

    Top tips to help you meet the tax deadline

    The deadline is looming. Businesses have until the end of this month to get their tax affairs in order. January can be a tricky time for companies. Even if you’ve kept on top of it all throughout the year, you can...

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    One in four businesses will miss the tax deadline
    12 January 2018

    One in four businesses will miss the tax deadline

    Now that we are into the New Year, the attentions of many small business owners will now likely turn to the fast approaching January tax deadline. Whilst for a large number, this will already be in-hand, for many...

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    Thousands submit tax returns over the Christmas period
    5 January 2018

    Thousands submit tax returns over the Christmas period

    Whilst many of us were relaxing over the Christmas break, thousands of self-employed and small business owners were busy completing their tax returns, perhaps determined to get this off the agenda before the New Year.

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    How to solve the VAT payment problem
    18 September 2017

    How to solve the VAT payment problem

    In recent times, there’s been what can only be described as a huge sea change in the way people think about financing recurring payments such as VAT.

    Whilst many businesses had previously eschewed the idea of...

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    All you need to know about VAT - and how to fund it...
    24 July 2017

    All you need to know about VAT - and how to fund it...

    VAT is a tax on the final consumption of certain goods and services, but is collected at every stage of production and distribution. Most business related goods and services will be subject to VAT, with the standard...

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    Almost half of UK small businesses say they struggle with paying taxes
    30 May 2017

    Almost half of UK small businesses say they struggle with paying taxes

    Running a small business is a challenge; in fact, according to a survey by UK insurer RSA, more than half of British small businesses (55%) go under within their first five years. Of all the threats to the survival...

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    Larger firms hit by Accelerated Payment Notices
    11 May 2017

    Larger firms hit by Accelerated Payment Notices

    In the last financial year (2015/2016), the HMRC collected £943m of Corporation Tax via Accelerated Payment Notices (APNs) from larger companies, as reported by law firm Pinsent Masons. Introduced in 2014 by HMRC,...

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    Tax and VAT bills: how can finance help?
    7 April 2017

    Tax and VAT bills: how can finance help?

    In the first of the series, we discussed how investment into a clear marketing plan could boost your business exposure. In the next instalment, we discuss the different types of tax payments that could affect your...

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    Tax doesn’t need to be taxing for small businesses
    20 March 2017

    Tax doesn’t need to be taxing for small businesses

    Almost half of UK small businesses say they struggle with paying their tax bills, according to a survey by UK insurer RSA, so is it time to re-assess how they tackle this?

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