The Federation of Small Businesses (FSB) has discovered that many SMEs are being hit by a rise in the level of flat rate VAT.
When running your own business from home there are a number of items you can
claim tax relief for. It is important to claim all tax reliefs in order to maximise your income.
Small businesses are focusing on ramping up sales and marketing rather than raising prices in preparation for next year's VAT hike.
In this article we cover taxes relating to employees, VAT, PAYE, the Annual Investment Allowance, capital allowances, National Insurance and business rates.
In his Pre-Budget speech, chancellor Alistair Darling confirmed that the VAT rate will return to 17.5 per cent by January 2009, having been cut to 15 per cent earlier this year to encourage consume
According to a survey of 1,600 business owners by the Federation of Small Businesses, 71 per cent think the VAT rise will be detrimental to them.
VAT is a tax charged on most business-to-business and business-to-consumer transactions in the UK.
Towards the end of November, Chancellor George Osborne
showed a surprisingly charitable side to the Treasury by waiving all VAT on a
A VAT loophole that allowed Guernsey and Jersey-based traders to avoid VAT is to be closed by the government.
The government has introduced VAT for a number of new purchases including 'sports nutrition drinks'.