VAT

So what's the importance of corporate culture in making your business strategy a success? Let’s state for a fact that no matter how good your business strategy is if your office culture is not supportive enough, it’s not going to help out. We’re not saying...

Paying back deferred VAT At the start of lockdown, the Government announced a number of measures to help businesses during the pandemic. One of those measures was the option for VAT-registered businesses to defer VAT payments that fell due between 20 March 2020 and 30 June...

For many decision-makers, the idea of hiring an accountant to take care of finances is challenging. There's a lot of hesitation and difficulty at play. Although it was fairly straightforward to pick out any professional, today’s situation is different because of horror stories. From narratives of...

Brexit is the scheduled withdrawal of the United Kingdom (UK) from the European Union (EU). Following a June 2016 referendum, in which 51.9% voted to leave. The UK government announced the country's withdrawal in March 2017. Starting a two-year process that was due to conclude...

The guidance around the (TOMS) Tour Operators Margin Scheme (VAT Notice 709/5) improved, including Paragraph 6.1, which details how to work out the selling price under the Tour Operators Margin Scheme.   TOMS states that the selling price includes:   Total VAT-inclusive selling price of all your margin...

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