When a company changes its address, it becomes imperative to inform about the change to vital authorities and agencies related to the business. The two prime authorities are: HM Revenue and Customs [...]
NATIONAL INSURANCE Through the National insurance (NI) scheme employed people make payments towards benefits. These payments are referred to as national insurance contributions and certain [...]
Under the standard value added tax (VAT) scheme, as a usual process, the business repays the VAT charged on all the invoices to HMRC every quarter. However, due to delayed payments from clients or if [...]
Value added tax (VAT) is a complex area and it is imperative for business owners to seek advice from experienced accountants for unusual transactions where the VAT treatment may not be clear. VAT [...]
Overview After the end of a financial year, a company must prepare statutory annual accounts and a company tax return. The accounts and tax returns must meet the deadlines for filing with Companies [...]
HMRC plans to look retrospectively at limited-company contractors (so-called personal service companies or PSCs) who work in the public sector. The plan is in some cases ? where a possible [...]
The information provided in blog was true for year 2016-17. For updated mileage allowance and AFR rates kindly visit https://www.dnsassociates.co.uk/blog/company-car-tax-mileage-allowance-rates If [...]
HMRC'S "Snooper computer" "Snooper computer", super computer, The Telegraph's article should make every would-be tax dodger sit up and appreciate how now HMRC can access both their digital and [...]
National Insurance (NI) needs to be paid by both employed and self-employed workers. Employers are obliged to pay National Insurance (NI) contribution on the salary as well as benefits given to the [...]
WHAT IS WORKING TAX CREDIT Working Tax credits are intended to provide an additional financial backing to those who have a low income. The tax credit also aims to help those who have a disability, or [...]