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• How does your company become involved with income tax?
• Tax relief for business proprietors on 'private' interest payments
• Are your VAT records in order?
• Could you benefit from using VAT annual accounting?
• Not very entertaining!

Could you benefit from using VAT annual accounting?

Too few businesses take advantage of the VAT Annual Accounting Scheme, which:

• Requires only one VAT return a year
• Requires periodic estimated interim VAT payments on account, depending on your turnover
• Grants an extra month, (i.e. up to two months after the end of your annual VAT accounting period) to complete your return and file it with a balancing tax payment

To be eligible, traders must:

1. Be VAT registered for at least 12 months
2. Expect turnover in the next 12 months to be below £660,000
3. Not have an increasing VAT debt

If you think you fit the bill, please let us know.

Business:	Business Start-Up | Business General | Limited Companies Partnerships | IR35 | Business Management | PAYE & NI | VAT
Personal:	Introduction to the Tax System | Planning Aspects | Home Aspects Pensions | Aspects of Investments and Investing | VCT & EIS
Tax:	Budget Report | Tax Guide | Financial Planning Guide Tax Calendar | IR35 | PAYE & NI | VAT | Year End Tax Planning