Selling to EU consumers and the VAT One Stop Shop
Selling to EU consumers has become a whole lot harder with Brexit. From truck drivers having their ham sandwiches confiscated (yes, seriously) to the astonishing new amount of red tape, to extra shipping charges, to delays. The last thing British exporters need are...
How to use Postponed VAT Accounting to manage import VAT from 1 January 2021
So we’re here – the Brexit transition period has ended. As of 1 January 2021 there are changes to how you have to account for import VAT. This means any UK VAT-registered business that imports goods into the UK from anywhere in the world will need to adapt to a...
How to set up a Time to Pay Arrangement
If you’re worried you can’t pay your tax bill then your best bet could be to set up a Time to Pay Arrangement. As part of the response to Coronavirus, the government has extended its Time to Pay (TTP) Arrangement to help support businesses struggling to manage their...
What is turnover
Your business ‘turnover’ is not your ‘profit’, though often we find the two can be confused. ‘What is turnover?’ is one of those questions candidates get asked on Dragons Den, and many business owners on the show get muddled trying to explain it. We get why! It’s...
Furlough bonus and reduced VAT rates
More support for businesses was announced by the Chancellor earlier in the week in his mini budget. There were two areas which look particularly helpful for businesses that have been significantly impacted over the last 4 months. Read on to find out about the...Follow Starfish Accounting
