01708 722142 kim@mawney.co.uk
5 Benefits of Voluntary VAT Registration

5 Benefits of Voluntary VAT Registration

This week I was asked “My turnover is below the VAT Registration Threshold so I do not have to register, I have heard that I can voluntary register and I was wondering what the benefits (if they are any) are of doing this?” Value Added Tax (VAT) is the sales tax...
Is it time to leave the Flat Rate Scheme?

Is it time to leave the Flat Rate Scheme?

From April 2017 Limited cost businesses will have to use 16.5% flat rate. If you are a Low or Limited cost business then it may well be time to leave the flat rate scheme or see your flat rate increase to 16.5%. A limited cost business is defined as: Amount spent on...