Not sure what is working capital? Discover its importance, how to calculate it, and tips for UK SMEs to manage business cash flow effectively.
Learn how to calculate cost of goods sold with our UK guide. Master the COGS formula, explore inventory methods, and see real-world business examples.
Learn everything about expenses for limited company to optimize your deductions and stay compliant. Click now for expert tips and advice!
Learn how to apply for a VAT number with our easy guide. Discover UK VAT rules, required documents, and essential steps to start your VAT registration.
Never miss key UK self employed tax return dates again. Your guide to HMRC deadlines for registration, filing, and payment to avoid costly penalties.
When considering VAT on entertainment provided solely to directors or partners of a business it is generally not recoverable as VAT Input Tax.
HMRC considers that directors and partners are not in
Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the increase is temporary.
A business must register for VAT if either of the following applies:
At the end
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the circumstances.
The special miscellaneous income rules sweep-up provisions that seek to charge tax on
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by 5 October 2025. Act early to avoid penalties.
Firstly, the deadline for submitting paper self-assessment tax returns
