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Business Guides

Posted by on 10.15.20 in Business Guides

VAT on Food and Drinks for Cafes, Restaurants, Bakeries and Caterers

Posted by on 10.14.21 in Knowledge Base

From 1st October 2021, a reduced (12.5%) rate of VAT was applied to supplies of food and non-alcoholic drinks from restaurants, pubs, bars, cafes, and similar premises across the UK. This reduced VAT rate will remain for six months before returning to the full 20% rate in April 2022. You charge VAT at 0% on […]

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Do i need to register for Self-Assessment

Posted by on 9.25.21 in Knowledge Base

There are a number of reasons why a taxpayer needs to complete a Self-Assessment tax return. This includes if they are self-employed, a company director, have an annual income over £100,000 and / or have income from savings, investment or property. Taxpayers that need to complete a Self-Assessment tax return for the first time should […]

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Cryptocurrency Tax

Posted by on 5.16.21 in Updates

The rapid growth in cryptocurrency and distributed ledger technology has seen an influx of new cryptocurrency business, traders and investors which has attracted significant attention from HMRC and other tax authorities worldwide. As a result, HMRC are actively enquiring into crypto businesses, traders and investors to ensure that all individuals and businesses involved in cryptocurrency […]

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End of tax year (5th April 2021) and start of the new tax year

Posted by on 4.3.21 in Updates

We’re almost at the end of the tax year on 5th April, and by now you should have though about the impact on the current tax changes, so you can maximise your tax efficiency for the outgoing tax year and get your business prepared for the new tax year. You will also want to stay […]

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Budget 2021 highlights

Posted by on 3.14.21 in Updates

On 3th March 2020 the Chancellor Rishi Sunak delivered budget 2021. The Office for National Statistics said gross domestic product (GDP) fell by 9.9% in 2020, as no sector of the economy was left unscathed by lockdowns and plummeting demand during the pandemic. It was the biggest fall in annual GDP in modern times so […]

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