Tax Registration Archive
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Income Tax Changes for Sole Traders
Posted on May 3, 2013 | No CommentsThe Government have introduced yet another change at HMRC which affects small businesses. Unlike most of the new schemes, using Simpler Income Tax is optional, and small businesses that qualify can choose whether or not to use it. There are two parts to Simpler Income... -
Starting a Business: online only
Posted on April 18, 2013 | 1 CommentI got married a few months ago and I took on my husband’s surname. When I tried to change my name on my driving licence I was told I could not supply the information electronically but had to complete a paper form. This may well... -
New RTI Exemption for Some Small Businesses
Posted on March 26, 2013 | No CommentsThe new Real Time Information (RTI) PAYE requirements are due to roll out to all PAYE registered business from April 6th. There have been worries about how small businesses will cope with this scheme as it brings major changes to way businesses do their payroll.... -
Majority of UK Businesses are Sole Traders
Posted on January 7, 2013 | No CommentsWhen starting a new business many people choose to create a limited company. There are many reasons for doing this. Forming a limited company offers some protection for your business name and a lot of suppliers and potential customers prefer it. Being registered means you... -
HMRC Changes to the VAT Registration Process
Posted on December 7, 2012 | No CommentsHM Revenue and Customs have recently made some changes to the way VAT applications are made. In the past there was a single online form which anyone could use to submit a VAT application. The new system adds an extra step which slows the process... -
New Employers Expected to use RTI PAYE
Posted on December 4, 2012 | No CommentsThe introduction of Real Time Information (RTI) is part of a larger scheme being implemented by the government over the next couple of years. The idea is that employers will tell HMRC exactly how much everyone is getting paid every month. HMRC will then use... -
HMRC Find 36% of Small Businesses not Keeping Proper Records
Posted on November 2, 2012 | 1 CommentHM Revenue and Customs have been testing out a new scheme known as BRC or Business Records Checks. Modelled around initiatives already in place in Canada and Australia HMRC have been trialling BRC since April 2011. The basic idea is to do spot checks on... -
HMRC Campaign Targets Direct Sellers
Posted on October 5, 2012 | No CommentsHM Revenue and Customs have periodic crackdowns on different industries who they believe may not be paying enough tax. Recently they have focussed on eBay sellers, electricians and hair dressers. Their newest target is on ‘direct sellers’. HMRC define direct selling as “when you sell... -
Are you Claiming Small Business Rates Relief?
Posted on September 25, 2012 | No CommentsA major cost for most businesses is paying their business rates. These have to be paid on any property used to operate a business from. Even if you run your business from home you still need to pay business rates. Like council tax business rates... -
What is the Seed Enterprise Investment Scheme?
Posted on September 17, 2012 | No CommentsOne of the biggest problems for new start-up companies is raising their initial seed capital, the money which they need to get going and test their ideas. For this reason the government has adapted the existing Enterprise Investment Scheme to create the Seed Enterprise Investment...
