by AJN Accountants | Mar 22, 2022 | Accounting, Advice, News, Small Businesses, VAT
The hospitality and tourist sectors have been supported through the Covid-19 pandemic by being able to pay a reduced amount of VAT to HMRC in respect of most sales. The reduced VAT rate was 5% from 15 July 2020 to 30 September 2021 and 12.5% from 1 October 2021 to 31...
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 | 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 | 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...
