Reclaiming VAT on expenses used by a business is not that simple as you think. There are certain conditions and guidelines you have to follow. Working out VAT and reclaiming it can be problematic, especially for one new to it, but its financial benefits are...
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...
EU and UK are together no more. As this romantic love story comes to an end, its time for you to be a bit worried about the future of your business in the current scenario. Businesses should be a bit more certain and clearly think...
Remember the UK left the European Union on 31st January 2020? The country, since then, has been into a Brexit transition period. The transition period ends on 31st December 2020. So what preparations your firm must have been completed during this time? What plans does...
A value-added tax (VAT) is a utilization tax set on an item at each phase from creation to the retail location. The measure of VAT paid by the client is at the expense of the item. Any item utilized has an implied tax from production...
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...
Are you a VAT registered business? If yes, and you want to figure out how VAT is applicable on your food items, this post is for you. Find out what VAT applies to food items. Our accountants in London dig deeper into what VAT applies...
Are you thinking of giving Christmas gifts to your loved ones? With Christmas less than a week away, you may now be panicking about what to give your loved ones. Rather than join the chaos of the last minute Christmas shoppers, you might consider giving...
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...
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