by Andrew Totton | Sep 30, 2014 | Business Taxes
HM Revenue & Customs (HMRC) has, this week, increased its powers to be able to take up to £17,000 each year, for tax debts, directly from individuals accounts. Previously the limit was £3,000, but has now been substantially increased. This change will not affect... by Andrew Totton | Sep 30, 2014 | VAT
For any business who supplies digital services to private customers in other EU member states, the VAT rules are changing from 1st January 2015. The changes only apply to businesses who supply such services to private customers, and not businesses. The... by Andrew Totton | Jul 26, 2014 | Payroll
HMRC has published a fact sheet for employers on in-year RTI late filing penalties which will come into effect from the 6th of October this year. The guidance encourages employers to ensure they are up to date with all PAYE submissions by the fifth of October in order... by Andrew Totton | Jul 18, 2014 | Business Taxes
Filing your self-assessment late, could give you a bigger headache than trying to manage your tax affairs. If you miss a deadline, you will be immediately liable for a £100 late filing penalty. This applies even if no tax is payable. Unfortunately it then gets worse .... by Andrew Totton | Jun 18, 2014 | Business Taxes, Starting a business?
Some small businesses are run from the business owner’s home. A frequently asked question for those in this situation, is what costs can I claim against my business for operating out of my home? HMRC allows a flat rate of £4 per week which can be claimed back...
