As an online trader who sells on online marketplaces, you may be familiar with the differences between eBay and Amazon – eBay is better suited for individuals and sole traders, and Amazon is a platform oriented towards third-party sellers and small businesses. That said, this is not the only difference between these two, as there …
Continue reading “eBay Sellers: The £1,000 Tax-Free Allowance You May Not Know About”
The Fulfilment House Due Diligence Scheme was introduced on 1 April 2018 by the UK Government in order to prevent sellers from outside the EU committing fraud when storing their goods in UK warehouses. It is common for sellers based outside of the European Union to make online sales to customers in the UK, and …
What is R&D Tax Relief? R&D Tax Relief is the term used to describe when companies are awarded R&D Tax Credits. “R&D” stands for “Research & Development” in R&D Tax Credits. These particular tax credits are special in the sense that they are designed to reward innovation and fuel growth. For businesses that invest in …
Continue reading “R&D Tax Relief – Is your company eligible?”
If you are an employer, under Real Time Information (RTI) you are required to submit a Full Payment Submission (FPS) to HMRC every time you pay your employees. The deadline for the amended Full Payment Submission (FPS) for Tax Year 2018/2019 is 19th April 2019 in which you need to report your employees’ pay, any …
Continue reading “A Guide To Full Payment Submissions and Earlier Year Updates”
Although the government initiative Making Tax Digital is now live, it is estimated that around 1 million businesses still need to sign up. Approximately only 70,000 businesses have now registered, which is 4% of all UK businesses. A Freedom of Information Request submitted to HMRC by cashflow forecasting software firm Float has revealed that approximately …
Continue reading “Making Tax Digital: 1 Million Businesses Still Left To Comply”
As discussed in our previous article, the EU has now granted the UK until the 12th April to seek a further extension or leave the EU without a deal. If your business trades with EU countries and we leave without a deal, you will need to follow the same processes that apply when trading with …
Every year, tens of thousands of taxpayers receive e-mails on tax refunds which appear to be from HMRC; Although at first glance they may look like the real deal, don’t fall into this trap – they are actually phishing scams sent from unofficial sources and they are designed to deceive the taxpayer into giving out …
Continue reading “Identify HMRC-related Phishing Scams in 7 Steps”
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