by AJN Accountants | Mar 11, 2022 | Accounting, Business, News, Tax Planning, VAT
For VAT periods starting on and after 1 April 2022 all VAT records must be recorded digitally and returns must be submitted under the Making Tax Digital (MTD) regime. If you are not already submitting your VAT returns using MTD-enabled software (or asking us to do so)...
by AJN Accountants | Mar 7, 2022 | Accounting, Advice, News
Do you remember those annoying ‘claim back your PPI’ adverts? Thousands of people received repayments, which included interest calculated at 8% on the PPI premiums refunded. Where the PPI settlement was paid after September 2013 the bank or insurance...
by AJN Accountants | Mar 4, 2022 | Accounting, News, Tax Planning
The level at which students begin to pay back their loans has been lowered from £27,295 to £25,000 From September 2023, the interest rate on student loans taken out has also been set to RPI+0% and the length of time that students pay their loans back until they can be...
by AJN Accountants | Feb 12, 2022 | Accounting, Advice, News, Tax Planning
Following the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter of a percent from 21 February HMRC has increased the current late payment interest rate applied to the main taxes and duties to 3% from 2.75% effective...
by AJN Accountants | Feb 5, 2022 | VAT
There has been an added twist on VAT rules for invoicing overseas clients post-Brexit. Business to business (B2B) supplies of professional services, such as those of an accountant were and continue to be treated as being supplied where the recipient belongs, in line...
