The Evans Weir winter tax briefing 2016 is now available for download here: Winter Tax Briefing 2016 In this edition we consider: Digital business records Pensions Flat rate VAT changes Contractors working for public sector clients Tax on savings ‘Trivial benefits’ Marriage Allowance Salary sacrifice For more information on any of the articles or for […]
Flat Rate VAT Rates to Change The introduction of Flat Rate VAT (FRV) was meant to simplify VAT management for smaller organisations with limited purchases and a capped value of sales. The alternative method of calculating VAT allows businesses to pay a single flat percentage rate, which is lower than the prevailing rate (currently 20%), […]
The 2016 Autumn Statement In recent times client feedback has suggested that most of you feel rather inundated with information following the autumn statements and annual budget delivered by The Chancellor. With the advent of social media, and most professional organisations now issuing commentary or updates immediately following the announcements, we believe these events have […]
The VAT Flat Rate scheme can be extremely helpful for businesses with a turnover under £150,000. Moreover, it’s possible to actually generate profit out of the scheme if the flat rate percentage applicable to your sector is particularly favourable. For example, a journalist that pays 12.5% of gross sales as VAT each quarter, doesn’t have […]
As of 1st January 2015, a new regulation has come into place where VAT on digital products sold in the EU is chargeable in the place of purchase rather than the place of supply. VAT Mini One Stop Shop (MOSS) has been introduced to stop large corporations diverting sales through low-VAT countries. However, regardless of […]
Tax and Accounts News Round up We are delighted to provide our regular round up of tax and accounts news for you to download here: Evans Weir Tax and Accounts News Round Up Summer 2015 In this edition we look at: The Budget Forecast – Chancellor Osborne returns for his second budget of 2015 (first […]