How is VAT calculated? The standard rate of VAT 20%. If the goods or services you are supplying are standard rated, then the easiest way to calculate the VAT that you must add is to divide the price (excluding VAT) by 5. For example, if you provide a service for...
With the Budget less than a week away, much of the talk is whether Chancellor Philip Hammond will once again turn to pensions to help fund the Government’s NHS spending commitments. Hammond has described tax incentives to save for retirement as “eye wateringly...
Businesses large and small are starting to panic at the prospect of a no deal Brexit and the nightmare scenario that this will bring. Despite promises from Theresa May that she is confident of a deal by Christmas, business leaders are highly sceptical, given the...
On Tuesday 11 September 2018, I started my Digital Marketing apprenticeship at Plus Accounting. Plus Accounting is a firm of chartered accountants, registered auditors and business advisers in Brighton. When you finish your A-Levels at college you are hit with a very...
On the 1 April 2018, the new Minimum Energy Efficiency Standards (or MEES) regulations were introduced.
An article in the Telegraph this weekend highlights the gap between the amount of tax reliefs that are available for innovation, and that which is actually claimed by companies. The article claimed that on average £150,000 is being under claimed annually by...
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