info@sandrasilk.co.uk
Call us on 01722 341820

Matching "VAT" Tag

33 articles 
First | Prev | [ 1 ] | 2 | 3 | 4 | Next | Last
When maintaining your accounts records becomes too much as your business grows and you realise you need some help how do you find someone to help?…
Today I took on a new client.  They telephoned last week wondering what to do as they had just gone over the VAT threshold.  They were nervous about what that entailed and concerned they wouldn't know what to do.  I spent some time talking them through being VAT registered, keeping accurate records and…
Becoming VAT registered can be a little daunting for those new to business.  It means keeping your accounts records organised and and up to date and ensuring that you have VAT receipts for all the business expenses you want to claim back VAT on.  It also means that you need to know whether the products or services you sell should have VAT added.…
During the current crisis HMRC has allowed VAT registered businesses to defer paying their VAT liability for the period between 20 March and 30 June 2020.  This deferment applied to VAT periods ending 29 February, 31 March and 30 April where payments would be due by 7 April, 7 May and 7 June. That deferment period is now finished…
There are lots of things to remember about VAT when you are VAT registered.  Here are ten things about VAT which you may not know. …
The VAT Flat Rate scheme is available to businesses with turnover up to £150,000 per annum. It is advantageous to small businesses as the VAT payable to HMRC is calculated as a percentage of gross sales rather than 20% of net sales less 20% of VATable purchases. It makes calculating VAT due much more straightforward, record keeping is easier AND you are likely to pay less. Always an advantage!…
VAT records must be kept  for six years although HMRC are only allowed to adjust returns going back four years plus the current period.  However if you have purchased land or buildings you may need to keep relevant documents for 20 years.   But what VAT records do you need to keep?…
Finally the month for submission of VAT returns via MTD arrived and we survived. Months and months of talking about it, reading about it and watching webinars. Then we just had to get on with it. …
Whilst we are still part of the EU VAT registered businesses which supply goods to a customer in a EU country must charge VAT at the standard UK rate.  However if that customer is VAT registered, as long as they provide you with their VAT number you can…
2019
29
APR
Some businesses do not want to become VAT registered because they think it is too complicated to do VAT returns.  It is quite straightforward especially now that VAT returns can be submitted directly from your accounts software. Here are some tips for keeping VAT simple and getting it right.…
33 articles 
First | Prev | [ 1 ] | 2 | 3 | 4 | Next | Last
Copyright © 2020 Sandra Silk Bookkeeping and Business Services Ltd  |  All Rights Reserved
Unit 21 Portway Business Centre
Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

e: info@sandrasilk.co.uk
t: 01722 341820