Which VAT scheme should you use?
VATWhen you first become VAT registered you can choose which VAT scheme to use when reporting VAT. Whilst you can change this at a later date HMRC would not want you to keep changing from one scheme to another.
When you first become VAT registered you can choose which VAT scheme to use when reporting VAT. Whilst you can change this at a later date HMRC would not want you to keep changing from one scheme to another.
From April 2023 individuals who submit a tax return to declare income outside of employed earnings will have to submit their accounts digitally to HMRC on a quarterly basis.
In November 2020 the Chancellor announced the new rates for the National Minimum Wage which will take effect from April 2021.
Many businesses have been formed over the last 9 months whilst we have been in this never before experienced situation. Employees have been furloughed and some businesses have not been able to continue trading, or not in the way they have done previ…
