Can a UK company apply for a corporation tax extension? A company is required to file its corporation tax return within 12 months after the end of the accounting period that it covers. A penalty will be payable if the corporation tax return is filed late. Small...read more
On Tuesday 16 October, Plus Accounting collaborated with Cloud9 Insight to deliver a free online webinar on "How to Connect your Business Data and make better business decisions". Our Plus Advisory manager, Emma Hardwick, takes you through the benefits of Xero and how...read more
When are VAT payments due? Businesses submitting quarterly VAT returns are required to pay VAT due 1 month and 7 days following the end of the end of the VAT period. For example, a VAT period ending on 31 March will require payment of the VAT liability by the 7 May....read more
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...read more
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...read more
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...read more
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