A roof replacement company has been hit with a £2.5 million tax bill after a ruling that the insulated roof panels it supplied did not qualify for a VAT-reduced rating.
Category Archives: Business
How do I grow my business internationally?
Many businesses find that they have gone as far as they can in the domestic market and are looking for new frontiers to explore.
Self-Assessment taxpayers warned of next payment deadline
Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent.
What should you consider when starting your own business?
Starting a business can be an exciting and rewarding experience.
How to navigate your first year as a business
Starting your own business is a major achievement and you will have spent a lot of time planning this venture and hoping for success.
But navigating through the first year of this new business will be essential to achieve your goals and it can be difficult to know what you should be doing.
Businesses need to be prepared for changes to business rates from April
The Valuation Office Agency (VOA) has updated the rateable values of all business, and other non-domestic, properties in England and Wales. They will take effect from 1 April 2023.
How to handle an overdrawn director’s loan account
As a director, have you ever considered taking a loan from your company?
If so, it’s important to be aware of the potential risks associated with an overdrawn director’s loan account (ODLA).
What you need to consider when starting up a business
With a new year upon us, you may be considering a new start by setting up your own business.
What is the reason for changing a business structure?
There are many reasons for changing how a business operates which may include changing relationships between business and customers. As online trading grows exponentially, businesses are also pursuing new economic activities in virtual markets.
HMRC penalties alert as 5.7 million still to file tax returns
Taxpayers have been warned that they could face a penalty after HM Revenue and Customs (HMRC) said 5.7 million were still to file their Self-Assessment returns.