by Henry Walker | Jul 6, 2022 | Business, Finance
Companies and sole traders who have not yet finalised their plans to comply with Making Tax Digital are in the last chance saloon this month, and the very latest date you have to comply with MTD for paying VAT is August 7. That is the latest date on which you will... 
by Henry Walker | Jul 6, 2022 | Agriculture, Business, Finance, HMRC, Tax
If your business has spent money on plant and machinery and it is subject to corporation tax, then it may qualify for a super deduction which is a temporary allowance you do not want to miss. Qualifying purchases will need to have been made between April 1, 2021, and... 
by Henry Walker | Jul 6, 2022 | Business, Finance
Tax is something that is a certainty in life, as former US President Benjamin Franklin said, but there are lots of ways you can reduce the amount of tax you have to pay by claiming for expenses you may not realise you could. Those of us who are self-employed or own... 
by Henry Walker | Jul 6, 2022 | Business, Finance, HMRC, Salary, Tax
A change in National Insurance contribution (NICs) levels comes into force at the beginning of July, which should save around 30m people £330 each, according to the Government. From July 6, the amount you can earn before you start paying NICs will increase, which... 
by Henry Walker | Jun 1, 2022 | Business, Finance, HMRC, Tax
If you are unlucky enough to be fined for a late filing, then the way in which any appeal can be made changed as of May 7. Prior to this, HMRC had temporarily reintroduced the ability to bulk appeal late filing penalties for income tax in 2020 and 2021. But from now... 
by Henry Walker | Jun 1, 2022 | Finance
International trading is something many businesses are involved in, whether it’s because you are selling your good or services abroad or buying raw materials in from overseas to help with manufacturing .Either way, exposing yourself and your business to currency risk...