VAT law provides a number of special schemes designed either to improve the cash flow of small businesses or at least to simplify VAT accounting. In this briefing we explore three schemes specifically designed to benefit small businesses and provide guidance as to how they work. They are the flat rate scheme, the annual accounting scheme and the cash acocunting scheme. (more…)
Posts Tagged ‘UK VAT’
VAT Schemes for Small Businesses
Friday, July 30th, 2010What is UK VAT? – a brief and simple note!
Friday, July 23rd, 2010VAT is the most complex tax in the UK.
VAT (value added tax) is similar to a sales tax. It is a tax that is charged on most goods and services provided by VAT registered business in the UK. It is also charged on some goods and services imported from countries outside the EU and brought into the UK from other EU countries. (more…)
UK Tax increases and decreases ahead
Tuesday, July 20th, 2010The Emergency Budget on 22 June 2010 delivered a raft of changes designed to align government spending with income over the lifetime of the current Parliament. The announcement received mass coverage regarding the changes to corporation tax, capital gains tax and the increase in the standard rate of VAT on 4 January 2011. (more…)
Lessons from the recession – think the unthinkable
Monday, June 14th, 2010If there is one thing we have all learnt from events of the last two years it is that change happens – often without warning, and sometimes with catastrophic consequences.
We have also seen how many businesses were blindsided by events for which they were to a greater or lesser extent unprepared. True, there is little an individual business can do about events such as those that brought about the credit squeeze and subsequent downturn, but we could perhaps have been more prepared for such eventualities. (more…)
Interop Las Vegas – A Success Story
Wednesday, April 21st, 2010Interop Las Vegas attendees and exhibitors are all in business to succeed. Incorporations looking to extend reach through opening a sales office in the UK or establishing a marketing presence. Considerable time and effort is made by International Accountants, firms such as www.KevinBeare.com find Interop invaluable to discover which exhibitors do not have a presence in the UK and the foundations are laid ready if that requirement ever arises. (more…)
