BUSINESS
Business COVID grants
Throughout the COVID pandemic, the UK government has provided numerous options in terms of different business support grants. As we start to see a gradual return to normality,...
Considerations before deregistering from VAT
Many businesses have experienced significant decreases in turnover due to the current economic climate and maybe considering voluntarily deregistering from VAT if their...
The Recovery Loan Scheme
The UK government recently launched the new Recovery Loan Scheme! With businesses starting to get back on their feet, now is a good time to assess whether or not your business...
Making Tax Digital – Digital Links
Making Tax Digital (MTD) was brought in back in April 2019 for VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000). All...
Reverse Charge Services and VAT registration
If you buy in services from outside the UK you may not be aware that these count as part of your taxable turnover (unless the supply of service is an exempt supply). These...
VAT – Common queries and mistakes
Never a week goes by without a VAT question coming across our desks. As you can imagine, we see some pretty horrible VAT mistakes! This is an area where we add value to our...
The LB Weekly Roundup (BUDGET SPECIAL) – 5 March 2021
See the webinar recording at the bottom of this blog 👇 In this webinar, our Managing Director Sarah Alexander and Tax Director Tom Foster discuss the key announcements from...
Companies to pay COVID bill – Budget reaction!
Many recent budgets have been something of a non-event; not this one. The Chancellor announced plenty more support packages, including extensions to the job support and self...
National Minimum Wage – don’t fall foul of common errors
National Minimum Wage (NMW) regulations are complex and not intuitive. Errors in the administration of the rules can be expensive. They can also cause damage to the reputation...
Postponed VAT Accounting (PVA)
What is Postponed VAT accounting? PVA gives companies the option to account for and recover VAT on imported goods on the same VAT return instead of paying the VAT upfront then...
Off-payroll working (IR35) from 6 April 2021
Changes to off-payroll working (IR35) were due to be introduced in 2020, but were delayed by 12 months. It now looks as though it's not going away, and will be implemented...
Brexit – Exports to EU countries from Great Britain
WHO WILL BE AFFECTED? All businesses that export goods from Great Britain from 1 January 2021 onwards. NEW RULES FOR EXPORTING GOODS EORI number – Economic Originator...