VAT Archive
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1 in 4 Workers are now Freelancers
Posted on November 19, 2012 | No CommentsIt seems that there is a national day for everything these days and this week we have National Freelancer’s Day. Freelancing is becoming a more and more common career route, currently about 4.2 million people in the UK freelance; 14% of the workforce. In part... -
Why your business should not wait to register for VAT
Posted on July 9, 2012 | No CommentsRegistering for VAT means that you become an unpaid tax collector on behalf of Her Majesty’s Revenue and Customs (HMRC). Once registered you have to give 20% of the price of any VATable goods or services you sell direct to the government. If you don’t... -
Selling on eBay? You may need an accountant.
Posted on May 2, 2012 | No CommentsHer Majesty’s Revenue and Customs (HMRC) have recently launched a new e-marketplaces campaign targeting people trading on sites such as eBay and Facebook Marketplace. While many online marketplaces including eBay and Amazon will sort out most of the VAT due on sales, HMRC are concerned... -
VAT Rise Causing Hike in Inflation?
Posted on February 16, 2010 | 2 CommentsAccording to the BBC (Inflation expected to exceed 3%), the return to 17.5% VAT has had an effect on inflation. Inflation has apparently risen over recent months and analysts think that it might well increase further to 3.5%. It’s not all bad news though as... -
HM Revenue & Customs
Posted on December 21, 2009 | No CommentsHM Revenue & Customs, also known as the inland revenue, is one of the main bodies that any new company will be interacting with on a regular basis. The obvious one will be submitting the yearly accounts. Depending on your company and its legal structure,...
