Find out how the Government’s Covid-19 tax extension could affect you. What is it? If you are self-employed, and have to pay tax above a threshold amount, you will have to make payments of account towards your tax next year. The second of these payments is normally due on the 31st July, however, due to… Read more »
Posts Tagged: Auto Enrolment
Non staff entertainment: Claiming VAT on entertaining on Valentine’s Day
Claiming VAT on entertaining non-staff is usually not allowed, but there are certain times when you can do it. The input VAT is usually not claimable on the costs of entertaining non-staff. This rule also applies to staff whose role is to look after the guests and make sure they enjoy themselves. It is possible, however,… Read more »
VAT credit note
New rules for credit notes came into effect in September 2019. Find out more about VAT credit notes and how they affect you. You are more likely to reduce the price of goods than increase them, for example if the goods are faulty. Credit notes can reduce the VAT accounted for on the original invoice…. Read more »
A Christmas gift from the VAT man
The corporation tax rules for clients gifts are well known, but what about the VAT rules? The corporation tax rules for entertaining clients or giving them gifts say that the gifts have to: Advertise to the public (i.e. a free sample) or Cost under £50 and include an advert for the company. … Read more »
