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How to Maximise Dividends When You Can?

How to Maximise Dividends When You Can?

by Tax Consultant | Oct 4, 2021 | Blog, Personal tax, Questions&Answers, Self-assessment Tax

The pandemic has made our lives difference with some business owners having been disadvantages as they used dividends as a profit extraction. The article will shed some light on how to extract profits from your company most efficiently and avoid being disadvantaged in...
Can You Avoid VAT Registration if Your Turnover Has Increased Temporarily?

Can You Avoid VAT Registration if Your Turnover Has Increased Temporarily?

by Tax Consultant | Sep 16, 2021 | Blog, VAT

Many businesses suffered a big loss during the pandemic months. However, a lot of companies have had a boom in sales when they transferred their business to trading online. The increase in sales have probably sent such businesses over the VAT registration threshold...
Splitting a family business: is there a VAT problem? Can VAT registration be avoided?

Splitting a family business: is there a VAT problem? Can VAT registration be avoided?

by Tax Consultant | Sep 8, 2021 | Blog, VAT

Splitting a family business may help reduce the VAT registration threshold and avoid registering for VAT. Alternatively if the two businesses are not classed as of the same nature one of the business may avoid registration if not exceeding the VAT threshold.  Let’s...
New Distance Selling Regime with the EU: New Challenges and Advice. IOSS and OSS

New Distance Selling Regime with the EU: New Challenges and Advice. IOSS and OSS

by Tax Consultant | Aug 23, 2021 | Blog, Brexit News

The new EU B2C distance selling regime that came into force in July 2021 has affected all the supply chains from UK businesses trading with the EU to the end customers. In this article we explore how out clients have been coping since the introduction of the new IOSS...
Partial Payments versus VAT Bad Debt Relief

Partial Payments versus VAT Bad Debt Relief

by Tax Consultant | Aug 11, 2021 | Blog, UK accountant, VAT

If you have supplied goods of services to a customer, you will need to account for VAT by declaring it in your next VAT return. If you do not get paid by the due date, you may be able to claim a VAT bad debt relief  on the amount of VAT you have already paid. You may...
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Recent Posts

  • Selling into the UK. What you need to know about VAT in the UK?
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  • End of VAT Services on Amazon UK. How to remain compliant?
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  • Why are you still physically paying import VAT? Utilise Postponed VAT Accounting!
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