HMRC Powers To Request Security For VAT

HMRC now have the power to request that a VAT registered business provide security for the payment of VAT liabilities. This allows them to request an amount of money where they consider there is a risk that VAT will not be paid by the business. The following may give HMRC reason to use these powers: -

Do You Have The Correct Documentation In Order To Claim Back Input VAT?

Recently there have been two judgements both of which denied the right to claim VAT without a valid VAT invoice. So what exactly must an invoice show in order to be a valid VAT invoice? Sometimes it is a good idea to refresh ourselves with the basics so below is a quick recap of the rules... 

The Chancellor’s Autumn Statement – What does it mean for you?

Read on to find out our KSK main points from the Autumn Statement last week. For more information on any of our points, or to find out more about the whole Autumn Statement, please contact the either Rachael or Anthony via any of our social media or by calling the office on 01234 301000.

To Incorporate or Not To Incorporate...that is the question!

It is important when you startup your business to consider the entity through which you should trade. Should you operate as a:

• Sole trader – an individual
• Partnership – two or more individuals or companies
• Limited Liability Partnership
• Limited Company