UK VAT

Affordable Accounting from AAT-Registered Accountants

1 Comment / Business, Charity Accounts, Contractor, crypto, e-Commerce Accountants, Landlords Accountant, Self Employed, small business, Tax Return 2024, UK VAT / Michael Burris

When it comes to managing finances, finding an affordable accountant who still delivers competent, reliable service can make a big difference to your bottom line. However, not all “cheap” accountants are created equal. If you’re looking for budget-friendly accounting services, an AAT-registered accountant can provide exceptional value without high costs. AAT (Association of Accounting Technicians) […]

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How to Recover UK Tax When Leaving the UK Mid-Tax Year

2 Comments / Business, Contractor, Landlords Accountant, small business, Tax Return 2024, UK VAT / Michael Burris

If you’ve been working in the UK as an employee and had tax deducted from your pay, but you’re planning to leave the UK partway through the tax year, you might be eligible to reclaim some of the tax that was taken from your earnings. The UK operates a “pay as you earn” (PAYE) system

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Simplified Expenses for UK Taxpayers: What You Can Claim

1 Comment / Business, e-Commerce Accountants, Self Employed, small business, Tax Return 2024, UK VAT / Michael Burris

If you’re self-employed or run a small business in the UK, managing your expenses is an important part of saving money on taxes. One way to make this easier is by using simplified expenses. These are flat rates set by HMRC, so you don’t have to work out exact costs or keep loads of paperwork.

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Implication of Making Tax Digital on Income Tax

1 Comment / Business, e-Commerce Accountants, Landlords Accountant, Self Employed, Tax Return 2024, UK VAT / Michael Burris

That is all about to change with the development of the country toward a more digitized economy and how taxes are managed; that surely will change the face of obligation for all self-employed workers and small-scale businesses. The scheme involved is Making Tax Digital, which would give face to a new manner of filing tax

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Should you voluntary register for VAT?

4 Comments / Business, e-Commerce Accountants, Landlords Accountant, Self Employed, Tax Return 2024, UK VAT / Michael Burris

Outline Should you voluntary register for VAT? What is VAT? Voluntary VAT Registration Benefits of Voluntary VAT Registration Disadvantages of Voluntary VAT Registration How to Register for VAT Working out VAT Returns Conclusion FAQs (Frequently Asked Questions) Should you voluntary register for VAT? Put simply, VAT happens to be a major factor in UK business

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Postponed VAT Accounting in the UK

1 Comment / UK VAT / Michael Burris

Outline Introduction Understanding Postponed VAT Accounting and Its Advantages Key Considerations for Utilizing Postponed VAT Accounting in the UK Who Can Account for Import VAT on Their VAT Return? When Can You Account for Import VAT on Your VAT Return? When Must You Account for Import VAT on Your VAT Return? Using Someone to Import

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A Brief Guide to UK VAT for Businesses

Leave a Comment / UK VAT / Michael Burris

Outline Introduction Understanding VAT in the UK Who Needs to Register for VAT? Understanding Different VAT Rates in the UK Exempt Supplies, International Sales, and their VAT Treatment VAT Registration Process and Requirements Obligations Related to VAT Returns and How to Fulfill Them Calculating Input and Output VAT Correctly Voluntary Deregistration for VAT Purposes Importance

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