Changes afoot for your VAT liabilities

Changes afoot for your VAT liabilities

by | Aug 26, 2017 | Tax Loans

If you run a professional practice with a turnover of more than £85,000, you must be registered for VAT and make returns, together with the appropriate payments of the tax to HM Revenue & Customs (HMRC) every three months. But sweeping changes are afoot,...
The flat rate VAT and solicitors

The flat rate VAT and solicitors

by | Aug 20, 2017 | Tax Loans

The UK joined the European Economic Community – forerunner of the EU – on the 1st of January 1973. One of the results of that decision was to replace Purchase Tax with a European invention, Value Added Tax (VAT). In the UK, the initial standard rate of VAT...