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The standard rate for VAT will increase in the New Year - What do you need to do about it...

The bike to work scheme, introduced by the government is a tax break to encourage cycling to work. Read this blog to find out more...

"Can I split my business into separate entities to avoid registering for VAT, therefore charging less than my competitors?"

This question is commonly asked when clients approach the turnover threshold for VAT registration, or (as now) when there is an increase in the VAT rates....

Following a recent decision in the Europeans courts, HMRC have published a new brief which clarifies the rules on when businesses can give away samples of their products VAT free.

For Greenstones customers (namely the small owner managed business) there are not really any new surprises following today’s budget.

With effect from 9 August 2011 HMRC’s bank accounts have changed. It will no longer be possible to use the Bank of England accounts and therefore any payments directed to the Bank of England accounts after this date will be rejected automatically by the banking system and returned to your bank.

The date for Value Added Tax (VAT) on a sales invoice is declared on the VAT return period in which the invoice is issued and VAT on purchases can be claimed in the VAT return period in which you receive the purchase invoice, this is called VAT Invoice Accounting.