Business Hurdles

VAT cash accounting scheme

Tue, 20 Jul 2010 16:30:00
 
If you sell more on credit than you buy on credit, we should look at the VAT Cash Accounting Scheme. Normally you pay VAT on your sales according to when you invoice but using this scheme defers the payment of VAT as it is based on when the customer has paid you.
Blog
27 August 2010 08:21

As of this year, travellers are permitted to bring back VAT and duty free goods to the value of £390. This is a modest increase on the £340 limit in place but is a significant increase from the £145 limit that prevailed for many years prior to December 2008.br

Read More

06 August 2010 10:28

The national minimum wage rates will increase for pay reference periods starting on or after 1st October 2010 onwards.Main rate for workers 21 years old and above £5.93 per hourRate for workers aged 18-20 years inclusive £4.92 per hourRate for workers under 18 years and

Read More

04 August 2010 09:54

Marshall Smalley Accountants are specialists in dealing with HMR&C tax investigations. We are based in Nottingham but work thoughout the East Midlands and Nationally. We will work with you and negotiate with HMR&C for the best possible outcome.Contact the tax investigaion specialists on 0115 9565171img

Read More

04 August 2010 09:38

The rules changed in April 2010, from now on you will have to submit your VAT returns online and pay any VAT due electronically if you have an annual turnover of £100,000 or more (exclusive of VAT).If you have registered for vat on or after 1 April

Read More
View All News