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...
by AJN Accountants | Jan 19, 2022 | Advice
The fuel crisis last September has encouraged many people to consider buying an electric car. Drivers of company-owned electric vehicles will find it particularly rewarding as the taxable benefit for using an electric company car is currently just 1% of its list price...
by AJN Accountants | Jan 7, 2022 | VAT
Currently if you pay your VAT bill late you may receive a penalty of up to 15% of the late paid amount, even for a one-day delay. The Government agrees that this is harsh, so it is reforming the late-payment penalties for VAT periods starting on or after 1 April 2022....
