Articles/News
Steps to be considered if you hold an invalid VAT invoice
To claim input tax, VAT registered businesses in the UK have to furnish valid VAT invoices as evidence. All VAT registered businesses in UK must issue a valid VAT invoice showing VAT payment whether in paper or electronic form. They ...
February 12, 2021
New rules were expected at the end of the Brexit transition period. And the same are clear now. Till Dec 2020 tax relief was there on import VAT if the amount was under £15. This was known as LVCR - Low-Value Consignment Relief. No import VAT was to be paid if you imported goods from EU (known as acquisition then) under £15.
There is no Low-Value Consi...
February 09, 2021
With the self-assessment online deadline moving ever closer the panic amongst people is increasing. However, it isn’t just the deadline that people should fear as criminals are trying to reap the benefit of this paranoia to get customers to share their financial or personal details for their ill-gotten gains. Interestingly, these people boldly declare themselves to be...
February 06, 2021
One year of the pandemic down and still there appears a lot still to be learnt about the virus as COVID-19 has morphed into a whole new dodgy variant swiftly infecting the masses. But life cannot come to a standstill and so despite lockdowns and restrictions people find that they simply can’t put their lives on hold – the show must go on – work must contin...
February 04, 2021
Accountancy services have evolved considerably from what they were at the start of the year 2020 to what they are in 2021. The Covid 19 pandemic has just completed a year but what a year of tremendous change it has been! Accountancy no longer remains in its traditional shell, gone are the days when accountants were comfortable solely with paperwork and files. Now accountanc...
January 29, 2021