VAT returns are considered a complex process that is also filled with a lot of burden. It is referred to as an indirect tax that the government charges on most of a business’s goods and services. If your business has a turnover of more than 85,000 euros, you will have to register for VAT. At … Continue reading Do You Really Need an Accountant to Make Your Vat Returns a Success?
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Before we get into the thick of things in regards to VAT charged on mixed property, let’s find out what a mixed property is. Going by the legal definition in accordance to the UK laws, a property that has both residential as well as non-residential elements in it can be termed as a mixed property. … Continue reading A Brief Account of VAT charged on a Mixed Property in the UK
When you dispose of your residential property, you will accumulate a capital gains tax (CGT) on it. But you can get exemption from the same partially or fully with the private residence relief (PRR) and today we will discuss how. We will also discuss what affect the application of these instruments and whether any exceptions … Continue reading How Private Residence Relief Can Exempt The Capital Gains Tax?
Business runners are often in a dilemma about using their company cars. They are often concerned about the HMRC tax payable on the use of the company car. However, there are clauses that will help them get some exception. And it is the responsibility of the professional tax advisors and accountants to guide their clients … Continue reading Role of an Accountant in Helping Clients Reduce HMRC Tax on Company Car
When it comes to calculating the VAT a professional accountant cannot be lackluster, as it will invite a plethora of troubles in the form of errors that will put the clients in rough weather. That is the reason you must opt for a quality accountant, who will come up with some error-free VAT inspection. Therefore, … Continue reading What are the Top 10 VAT Inspection Errors that Seasoned Accountants Avoid?
Before we get into the thick of things, let us at first see what National Insurance (NI) is. Technically speaking, NI has similarities to income tax, but with a difference. Unlike income tax, NI helps to pay up for certain state benefits at times when an individual needs assistance in certain situations, like when they … Continue reading Role of Experienced Accountants in Providing Guidance on HMRC Class 2 National Insurance
