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bravecreative

Postponed Accounting For Businesses Post-Brexit

What Is Postponed Accounting? Following on from the Brexit deal, the current law regarding VAT on imported goods is going to be changing from January 2021. However, postponed accounting has been reintroduced to help businesses with this change. Postponed accounting post-Brexit will mean that any VAT registered business will not have to pay VAT on […]

cartoon couple getting married
Tax Saving Accountants

Married Couple’s Allowance And Marriage Allowance; Is It Worth It?

In 2015, the Coalition Government introduced the Married Couple’s Allowance and Marriage Allowance (the difference between the tax breaks being whether one or both partners were born before 6th April 1935). The tax break was introduced with the intention of helping four million married couples and 15,000 civil partners where one parent either doesn’t work […]

make tax digital
Tax Saving Accountants

HMRC’s New Online Tax Return System; Making Tax Digital

This brand new service is part of the initial steps towards a fully digitalised tax system. Tax returns remain an annual burden for many, but this year millions should expect to be redirected to a brand new and user-friendly online tax return system by the end of December to complete their self-assessment. The service will […]

debenhams santa tax
Tax Saving Accountants

Debenhams is Bringing the Dreaded Santa Tax Back

Once again suppliers are being squeezed in the run-up to Christmas with the return of the dreaded Santa Tax for the third year in a row. Debenhams, for the second time in three years, has frustrated its suppliers in the run-up to Christmas by demanding a 1 to 2pc reduction on bills in return for […]

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