by Georgi Rollings | Feb 15, 2021 | Limited company, VAT
Back in March 2020 HMRC announced that they would allow business owners to defer VAT payments due between 20 March 2020 and 30 June 2020 to 31 March 2021, as a result of the Coronavirus pandemic. If you have deferred VAT payments then read on. Many businesses took...
by Georgi Rollings | Jan 23, 2021 | Brexit, VAT
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...
by Georgi Rollings | Jan 9, 2021 | Brexit, Limited company, Tips and Tricks, VAT, Xero
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...
by Georgi Rollings | Dec 15, 2020 | Being an employer, Corporation tax, Limited company, PAYE, Self assessment, Sole trader, Tips and Tricks, VAT
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...
by Georgi Rollings | Jul 15, 2020 | Accounting, Bookkeeping, VAT
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...
by Georgi Rollings | Jul 10, 2020 | Being an employer, Limited company, PAYE, VAT
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...