Second income disclosure

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Individuals may inform HM Revenue & Customs of any undeclared income received using the Second Incomes Disclosure facility. The campaign is aimed at those in employment that have additional untaxed income. The examples of income HMRC are targeting are:- Consultancy/ training fees received Payments received for providing entertainment or organising parties Buying and selling goods […]

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Company Law Changes

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From the 30th June 2016 what was known as the Annual Return was replaced with a Confirmation Statement. The statement will include details of “persons with significant control” (PSC) of the company.   Companies must identify people with significant control and record the details on the company’s PSC register.   A PSC is someone who directly […]

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VAT Schemes

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Last time we discussed being VAT registered and briefly mentioned the different types of VAT schemes that are available to businesses.  Are you on the best scheme for your business? The most common schemes used are Standard VAT Accounting, the Cash Accounting Scheme and the Flat Rate Scheme. If using the Standard VAT Accounting scheme […]

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Second Incomes Disclosure

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Individuals may inform HM Revenue & Customs of any undeclared income received using the Second Incomes Disclosure facility. The campaign is aimed at those in employment that have additional untaxed income.  The examples of income HMRC are targeting are:- Consultancy/ training fees received Payments received for providing entertainment or organising parties Buying and selling goods […]

Continue reading