Category Archives: News

Self-Assessment Tax Return Mistakes and How to Avoid Them.

self-assessment

There are a number of common self-assesment / tax return mistakes that can hold things up (possibly leading to a penalty fee), cause you problems or even prompt HMRC to look more closely at you. So it’s best to be aware of them and make sure you don’t make them! The easiest way to avoid

VAT – FLAT RATE SCHEME – WILL IT WORK FOR ME?

All about the VAT Flat Rate Scheme The VAT Flat Rate scheme was introduced in 2012 and it can be used by sole traders,  partnerships  and limited companies if they satisfy HMRC requirements.  Unlike the standard VAT accounting , where  you have to pay VAT on the basis of the difference between  purchases and sales