What Is VAT And How Does It Work
What Is VAT And How Does It Work April 23, 2023 Value-added tax (VAT) is a consumption tax added to the price of goods and services sold in the United Kingdom (UK). VAT is a significant source of revenue for the UK government, and it is an essential part of doing business in the UK. […]
6 Ways How to Cut Costs for Your eCommerce Business
6 Ways How to Cut Costs for Your eCommerce Business March 13, 2023 Are you running an e-commerce business and looking for ways to save money? As an online entrepreneur, you’re likely always on the lookout for cost-cutting measures that can help you increase your profits and grow your business. Fortunately, there are many ways […]
Penalties for Not Meeting HMRC’s Reporting Standards
Penalties for Not Meeting HMRC’s Reporting Standards March 8, 2023 In the United Kingdom, companies can face penalties from HM Revenue and Customs (HMRC) for various tax-related offences, such as failing to file tax returns or pay taxes on time. The specific penalty amount will depend on the nature of the offence and the company’s […]
I Own a Company – What Are My Legal Requirements?
I Own a Company – What Are My Legal Requirements? February 27, 2023 In the United Kingdom, companies must prepare and file annual accounts to Companies House as part of their legal obligations. The specific requirements for annual accounts vary depending on the type of company and its size. Qualifying As A Small Company For […]
When Are My Accounts Due?
When Are My Accounts Due? February 10, 2023 In the United Kingdom, companies must file their annual accounts with Companies House, the government agency responsible for maintaining records of UK businesses. The deadline for filing annual accounts depends on the type of company and its accounting reference date. Private limited companies typically have an accounting […]