Tax Funding

The self-assessment tax deadline is January 31st, and it isn’t just individual taxpayers feeling the heat. Many small businesses, particularly those structured as limited liability partnerships, will also need to...

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)...

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.

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...

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.

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...

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.

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...

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...

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.

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...

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...

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...

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,...

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...