VAT flat rate scheme

Does your business earn less than £150,000 per year (excluding VAT)? If the answer is yes, you may be eligible for the government’s VAT flat rate scheme .   This lower VAT rate varies according to the industry that you are in.  This scheme is entirely optional.  Read on to find out more. As part of the …

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Self Assessment tax return

What is a Self Assessment? A self assessment tax return is a form which different bodies report their income and capital gains, and it claim tax allowances and tax relieves. In United Kingdom the Her Majesty’s Revenue and Customs (HMRC) is the UK’s tax, payments and customs authority, responsible for the collection of taxes. The tax year …

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