Posts Tagged ‘Tax’

No Deal Brexit – what about VAT?

No deal brexit - what about VAT?

The Government and HMRC have updated its collection of high-level guides called “partnership packs”, intended to help those businesses involved in importing and exporting prepare for changes to customs procedures after 29 March 2019 in the event of a “no deal” scenario. If the UK exits the EU without a deal, UK businesses will have…

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Making Tax Digital: the myths

Breslins Live The Dream

Making Tax Digital: the myths From 1 April 2019, Making Tax Digital (MTD) for VAT requires most businesses with a turnover above £85k to submit their VAT returns using MTD compliant software as well as keep and maintain digital records. There are many businesses that are still unaware of — or confused about — these…

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Self-Assessment Tax Returns – What do I need to do?

Self-assessment is a system HM Revenue and Customs (HMRC) uses to collect income tax.  Tax is generally deducted automatically from wages, pensions and savings.  However people and businesses with other income must report it in a tax return. When does the tax year run The tax year runs from 6th April to 5th April the…

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