Category: VAT Scheme

Coronavirus Updates for Accountants

17 April 2020 HMRC emails two million eligible businesses login details for furlough portal Government extends furlough end date to 30 June at £50bn cost Confusion over private school fees and covid-19 lockdown closures 16 April Top tips: furlough and the Coronavirus Job Retention Scheme FCA remodels business plan to address coronavirus challenge Higher rate…




Is your business’ payroll affecting retention rates?

Mistakes or inefficiencies in your company payroll could be having a negative effect on retention rates and employee wellbeing. A recent study conducted by an independent research firm and commissioned by Zellis, found that 21% of Brits have changed jobs after being paid late or inaccurately by their employer. The research found that a shocking…




What Happens When My Business Reaches VAT Status?

If your business has reached the level of VAT status, then on the one hand this is something to be celebrated. Only those businesses that exceed £85,000 in profit are required to charge VAT but while gaining this status is an indicator of business success, it does open up a some additional administrative burdens when…




What is the flat rate VAT Scheme?

The Chancellor’s Autumn Statement had a hidden sting in the tail for the growing numbers of self employed traders in the UK who may need to keep a close eye on things if they are VAT registered. Everyone who has been self-employed for a length of time will be familiar with the extra charge on…