Taxable benefits are non-cash rewards or payments that have a value and are treated as part of your income. These can include: Taxable benefits exist
VAT (Value Added Tax) is a tax you charge on goods and services if your business is registered in the UK. You must register for
HMRC only allows Making Tax Digital exemptions if you meet one of three strict criteria: If you don’t fall into one of these categories, HMRC
The VAT threshold in 2026/2027 tax year for compulsory registration is £90,000 in any 12-month rolling period of taxable turnover. Some of the most often
A business is required to register for VAT, if they match one of the compulsory registration criteria. It is also possible to register with turnover
Reverse Charge VAT is a tax rule that shifts the responsibility of reporting VAT from the supplier to the buyer. When a business sells goods
Cryptocurrency is a fast-moving and complicated landscape. Although still fairly new there are rules and regulations beginning to be published, and HMRC will seek to
The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will
The government has confirmed that the state pension will rise by 2.5% from April 2022, breaking the pension lock as a result of the impact
Well… perhaps. If you are a service provider, for example you are provide branding or marketing or architecture services then the changes to the treatment
