Introduction Death and taxes are often considered the only certainties in life. While we may not have control over the inevitability of death, governments worldwide have long relied on taxes to fund public services and infrastructure. However, imagine a scenario where a 100% tax is imposed on the
How To Issue Sales Invoices Whilst You Are Waiting For Your VAT Number
When you apply for VAT registration, there will be a period of overlap between submitting your application and receiving your VAT number from HMRC. During this time, you are not allowed to charge or display VAT on your invoices. However, you are still required to pay the VAT amount to HMRC for any
Demystifying Statutory Sick Pay (SSP) Calculation in the UK
Introduction When employees in the UK fall ill or are unable to work due to disability, they may be eligible for Statutory Sick Pay (SSP). Understanding how SSP is calculated is crucial for both employers and employees to ensure accurate payments. In this blog post, we will delve into the
HMRC’s Decision to Close VAT Registration Helpline: A Shift Towards Streamlined Services
Introduction In a recent announcement, HM Revenue and Customs (HMRC) has declared the closure of the VAT registration helpline from Monday, 22 May 2024. This subsidiary of the VAT helpline was specifically dedicated to assisting customers with concerns regarding their VAT registration applications.
A Guide to the Spring Budget 2023
Corporation tax From April 2023, the planned increase in the corporation tax rate to 25% for companies with over £250,000 in profits will go ahead. Small companies with profits up to £50,000 will continue to pay corporation tax at 19%. Companies with profits between £50,000 and £250,000 will
Company Formations in the UK in 2022
The U.K. saw an increase in company incorporations during 2022 Take a look at one of our partners' infographic which examines company start-up activity in the UK in 2022. The analysis provides general UK information or for more specific data, you can filter by county in the drop down above which
Maslow’s Hierarchy of Needs and Its Impact on Business
How Meeting Employee Needs Can Drive Success By understanding the needs of their employees and how they can fulfill them, businesses can create a work environment that fosters growth and success. In this blog post, we will explore Maslow's hierarchy of needs and its impact on business. Understanding
Dealing with the HMRC
If you are a taxpayer in the UK and you need to deal with HMRC, there are several ways you can do so: It's important to keep in mind that HMRC has strict deadlines for tax returns and payments, so it's advisable to deal with them as soon as possible if you have any queries or issues. If you're
What is a Confirmation Statement?
The confirmation statement includes details such as the company's registered office address, the names and addresses of its directors and secretary (if applicable), its shareholders, and the nature of its business activities. It also includes information about any changes that have occurred since
The Power of Why
In this blog post, we will summarise Sinek's ideas on the importance of "why" and how it can be applied to businesses and organisations. According to Sinek, most organizations focus on what they do or how they do it, rather than why they do it. He argues that this approach is flawed because it