Uncategorized – Page 11 – Sutton Coldfield Accountancy

Why Is The Government Changing The R&D Tax Relief Scheme

Written by Tony Shackleford on February 6, 2023.

The following is a quote from the UK government, which spells out why the UK R&D tax relief scheme needs to be changed. ‘The UK has one of the most generous R&D tax relief systems in...

R&D, R&D tax relief

VAT On Marshmallows

Written by Tony Shackleford on January 30, 2023.

The starting point for VAT is that sales are subject to standard rated VAT (currently 20%). However sales of food are zero rated , but sales of biscuits and confectionery are standard rated. A...

Vat

IR35 Cases

Written by Tony Shackleford on January 30, 2023.

Recently there have been several high profile IR35 tax appeals / cases featuring Sky personalities. The facts relating to the cases have been similar but the tribunals decisions have been...

IR35

Making Tax Digital For Income Tax Delayed

Written by Tony Shackleford on January 6, 2023.

The government announced that Making Tax Digital (MTD) for income tax is to be delayed from April 2024 until April 2026. MTD requires the self employed and landlords to maintain accounting records...

Making Tax digital, MTD

Interest Rate Rise

Written by Tony Shackleford on May 6, 2022.

The Bank of England has increased the UK base interest rate to 1%. This is the highest UK interest rate for 13 years. Prior to 2009 the interest rate was running at between 4% and 6%. It seems...

Interest rate

Directors’ Liability From Insolvent Companies

Written by Tony Shackleford on February 14, 2022.

One of the major reasons for trading through a limited company, as opposed ot being self employed or being in a partnership, is that the owners / managers of the company are generally not liable...

Directors liability, Directors liability. Insolvency, Tax on insolvency

VAT Changes for Sales on Amazon, Ebay etc

Written by Tony Shackleford on August 9, 2021.

From 1 July 2021 platforms such as Amazon and Ebay are responsible for ensuring that VAT is collected on sales of goods on their platforms. In simple terms, this means that when a buyer purchases...

Amazon VAT, Ebay VAT

Holiday Pay Entitlement

Written by Tony Shackleford on May 11, 2020.

For several years all UK full time employees have been entitled to a minimum of 28 days paid annual leave per year. Part time employees entitlement is similar, hence a part time employee who works...

Holiday pay

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