Posted in Accounting, Bookkeeping, VAT
April 23rd, 2026
VAT is not undergoing major rate changes, but the direction of travel is clear: greater digitisation and tighter compliance. Making Tax Digital for VAT is already well established, and HMRC…
Posted in Accounting, Bookkeeping, Tax
March 26th, 2026
HMRC is moving firmly toward a behaviour-based compliance system, particularly with the rollout of Making Tax Digital. The key feature is the points-based penalty regime, where repeated late submissions lead…
Posted in Accounting, Bookkeeping, Tax
February 23rd, 2026
Corporate tax rates are now largely settled, with the main rate at 25% and small profits rate at 19%. However, the focus has shifted from rate changes to profit extraction…
Posted in Accounting, Bookkeeping, Tax
March 7th, 2025
For companies operating in the UK, corporation tax payments are due nine months and one day after the end of the company’s accounting period. This means if a company’s financial…
Posted in Bookkeeping, Brexit, VAT
April 1st, 2021
If your business moves goods between the UK and countries in the EU, You’ll need to follow new customs and tax rules. Businesses will be affected by the new rules…
Posted in Accounting, Bookkeeping, Tax
March 5th, 2021
Unincorporated businesses and companies will welcome the increased flexibility to carry back losses arising during the period of the pandemic an additional two years. The extended relief will allow for…
Posted in Accounting, Bookkeeping, Payroll, Tax
March 5th, 2021
Engine Petrol Diesel LPG < 1400cc < 1600cc 10p 10p 9p 9p 7p 7p 1400-2000 1601-2000 12p 12p 11p 11p 8p 8p > 2000cc 18p 12p 12p NB Electric…
Posted in Accounting, Bookkeeping, Tax
November 25th, 2020
The UK transition period ends in 37 days. If your business trades with other countries from Europe or you represent a business who does, from 1 January you’ll need to…
Posted in Accounting, Bookkeeping, COVID-19, PAYE
July 8th, 2020
On Wednesday, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described…
Posted in Accounting, Bookkeeping
August 23rd, 2018
One of the most popular requests and something that is missing from Xero is the ability to create quotations. For small business owners who run a service type business having…
