Small businesses need to prepare for increased VAT bills as of 1st April

The VAT Flat Rate Scheme is welcomed by many small business owners because it simplifies the record keeping and calculation requirements associated with their quarterly VAT bill.

Although the VAT Flat Rate Scheme will continue, as of 1st April, HMRC is introducing a new system which will increase the amount of VAT payable by many businesses using that scheme.

HMRC defines a […]

Road Tax (Vehicle Excise Duty) increases as of 1st April 2017

Running a new car will become more expensive for most car owners as of 1st April because of a new system of Road Tax (Vehicle Excise Duty). The increases apply irrespective of whether the car is owned by you or your business.

It is, perhaps, surprising to note that many cars which have a comparatively low CO2 emission rate will have […]