You may have received a letter from HM Revenue and Customs regarding their decision to ban the usage of credit cards to pay your tax bills. Considering the change comes into effect on the 13th January, you might think that they left the announcement rather late. Read More
Lots of changes are coming next year with a clampdown on VAT evasion by HMRC. Read More
Payments on account with HMRC on the submission of your Self Assessment form confuses a lot of taxpayers. It’s not the simplest system and it’s something we’re asked about a lot. Read More
Tulip, meet cryptocurrency. Bitcoin is now, perhaps, the biggest bubble in history – eclipsing Tulipmania, the dot com bubble, the housing bubble, the South Sea bubble, and the hard-to-explain enduring popularity of Bargain Hunt, staple daytime fodder on BBC One. Read More
We’d all love it if our hobbies had the ability to bring us in real money. You might already be buying and selling items on eBay or at car boot sales or offer their skilled services in their spare time. Read More
Last week the Chancellor of the Exchequer, Phillip Hammond, delivered his Autumn Budget to the House of Commons.
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Tax-free work clothing is a relief that is often taken advantage of, particularly by sole traders and partnerships. Read More
The current VAT threshold is £85,000 and any business turning over that amount or more must register for VAT and charge VAT on the goods and services it supplies. Read More
HMRC have apparently “heard it all” when it comes to excuses that people come up for late tax return filing. Read More
