Brexit & VAT

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20 November 2020

With the UK finally leaving the EU customs union on 31st December 2020, rules around import/export and VAT are changing.

advice : Brexit, Deadlines, Policy and Tax

  • When Do I Need To Register A Company For VAT?

    1 September 2021

    You must register your business for VAT if your company’s VAT taxable turnover exceeds the registration threshold. This is currently £85,000.

    Advice : Tax

  • Payroll: RTI Penalties And Grace Period

    1 September 2021

    With RTI, penalties are charged if the FPS is filed late or if HMRC did not receive the expected number of FPSs or an Employer Payment Summary

    Advice : Deadlines, Employment and Tax

  • Bounce Back Loans And Directors’ Loan Account

    1 September 2021

    Personal use of the loan could also mean a large tax bill for the company if it is not repaid into the company’s bank account within 9 months.

    Advice : Fundraising and Tax