Income Tax is generally payable on taxable income received by individuals in the UK, including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust
There are simplified arrangements in place for the self employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there is a mix of business and private use. The simplified expenses regime is not available to limited
The VAT Flat Rate scheme (FRS) has been designed to simplify the way a business accounts for VAT, and in so doing, reduces the administration costs of complying with the VAT legislation.
Using the FRS, you simply pay VAT as a fixed percentage of
As existing Self-Assessment tax filers will be aware, the deadline for online submission of your 2016-17 Self Assessment tax return is 31 January 2018. This is also the date that the payment is due for the balance of any Self Assessment liability for