VAT Schemes

    VAT : VAT registration for a business is not mandatory unless your business turnover exceeds the threshold of £85,000 in the last 12 months. You can also register for VAT even though business turnover will not exceed the threshold, which is called volunteer registration. There are some pons and cons of volunteer registration, […]

Self Assessment Tax return

As a sole trader or a director of a UK Ltd company, you must remember a few dates – most of the time, your accountants will remind you. Self-assessment Tax return: HMRC fixed the tax return period from 06/04/YYYY to 05/04/YYYY (the following year), and the submission deadline is 31 October (paper-based) or 31 January […]