How do you pay VAT to HMRC If you have VAT register business. It is your responsibility to make sure your VAT return will submit and pay HMRC VAT on time. For this reason, it is essential you understand the basics of how to make payments to avoid any unexpected surprises or late pay VAT […]

How to declare my cryptocurrency to HMRC? HMRC has published guidance for people who hold cryptocurrency. Explaining what taxes, they may need to pay? what records they need to keep? The world of cryptocurrency is expanding and becoming more mainstream. More and more people are investing. Therefore, the values are seeing rises significantly. There is

Foreign Business need to VAT registration in UK  VAT registration in UK Foreign businesses may register for VAT number UK without the need to form a local company. This is known as non-resident VAT trading. Foreign businesses must register for UK VAT immediately. If they are providing taxable supplies. There is no longer any non-resident

Use of home for UK Business  Small businesses are base at home. It means the director work from home to run the company.  From the tax year of 2022-23 onwards, there was an optional flat rate deduction basis. So that these businesses can claim an amount back for using a room/rooms at home for business

Customs controls: Is your business ready?  From 1 January 2022, businesses that permanently move goods to Great Britain from other EU countries. It will need to aware that full customs controls will introduce. The New Year onwards, goods entering Britain from within the EU. It will require new customs arrangements. The government plans to phase

Maximize Your Wealth: Navigate Capital Gains Taxes Rates and Allowances Capital gains tax is a complicate subject. We do cover the main issues, though you to where you may find extra help. The 30-day deadline for the reporting of chargeable gains on UK residential property disposals and payment. The Capital Gains Tax has been a

Amazon FBA and EU VAT rules What is Amazon FBA? Fulfillment by Amazon (FBA) is a service that allows businesses to outsource order fulfillment to Amazon. This takes the burden of sellers and grants them more flexibility in their selling practices. The program allows sellers to ship their merchandise to an Amazon fulfillment center. Where

Benefit of the Kickstart scheme for businesses The Kickstart scheme is design to help young people aged 16 to 24, who are on risk of a long term unemployment and universal credit into employment. The government recently launched £2bn Kickstart Scheme.  The incentive for businesses who help at-risk young people get back into work. Chancellor

What is Payment on Account? Understanding Payment on Account Payment on Account is a flexible payment method that allows HMRC to postpone their payments. It helps manage cash flow by letting you Tax, VAT now and pay later. This can be especially useful for businesses dealing with fluctuating expenses.   What is it? Payment on

Create HMRC Government UK Gateway Account: What You Need To Know Step by Step Instructions to create your Government Gateway Account If you’re in the UK and are either self-employed, tax resident, non resident VAT registration, running a business or have to do anything to do with taxes, revenue, or benefit claims, chances are you