As the Making Tax Digital (MTD) scheme continues to gather momentum there are many business owners still unsure of their commitments. However, the requirements can be broken down into 4…
read moreThose drivers who utilise their own vehicle for work purposes, excluding their normal commute, can claim money back against the approved mileage allowance payment rate (AMAP). The eligible amount is…
read moreThis article focuses on the importance of having the correct employment documentation in place. All characters are fictional for explanation purposes. Jamie was working on behalf of XZY Ltd, all…
read moreAn R&D project basically encompasses the research and development activities that a company will undertake when developing new products and services or when improving products or services which already exist.…
read moreThe Government have recently announced a 10-year strategy to build a
read moreHistorically, when a business engages with a freelancer or contractor to work on a project over a long-term basis they do not appear on any payroll, instead they receive payment…
read moreMaking Tax Digital (MTD) was first introduced during the Spring Budget of 2015, its aim was to completely negate the need for an annual tax return. Instead, taxpayers would have…
read moreAs we prepare for the impact of Brexit, our European Union customers could be entitled to some VAT-free services. Any business that is expecting their taxable supplies to be less…
read moreIndividuals operating in the Construction Industry need to be aware that from the 1st March 2021 there will be a change in how VAT will be handled. Originally these changes…
read moreThe Construction Industry Scheme (CIS) is a HMRC initiative where, if you work on a self-employed basis for a contractor in the construction industry (not as an employee), CIS rules…
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