This article is written by a UK Chartered Accountant and relates to the UK tax system. In October and November last year the news was that the Taxman was issuing 6 million tax reconciliations (forms P800), for the tax years 2008/09 and 2009/10. This process is still not complete, but the Taxman has started to [...]
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Traps With The UK Flat Rate VAT Scheme
Posted by businessnews on July 23rd, 2011
This article relates to UK Value Added Tax (VAT). The VAT flat rate scheme for small businesses is generally straight-forward to operate, but here are a few traps to watch out for. Use the right rate You will be aware that the standard rate of VAT increased to 20% on 4 January 2011. The flat [...]
Government Introducing Tax Credits To Boost Innovative Firms
Posted by businessnews on July 9th, 2011
Further information have been published regarding the planned alterations to a number of the tax breaks available for firms that put funds into research and development, and also in new and innovative products.The adjustments come incorporated into Government intentions to make the UK’s organization tax system much more competitive and dynamic, and to boost the [...]
