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Prepare for the new 12.5% VAT rate

Prepare for the new 12.5% VAT rate

With all of the hullabaloo over Boris’s National Insurance levy, many of you may have missed the announcement of changes in VAT rates, with most sales by the hospitality industry set to carry 12.5% VAT from 1st October 2021. Which beggars the question: can your...
Changing Tax Year End: Is it now time?

Changing Tax Year End: Is it now time?

Delightfully quirky and old fashioned, the 5th April tax year end is uniquely peculiar to the UK, no other country or even UK based businesses share this odd date. Changing Tax Year End: Why was April 5th chosen? Firstly, we need to go back to 1582 when Pope Gregory...