business
Can I invoice in euros?
You can invoice in any currency for the goods and services that you supply. If UK VAT is due on the transaction your invoices must also show the following...
Category: Business
business
Why would HM Revenue send me a letter?
Claiming repayment for Self Assessment You may receive a letter from HMRC asking you to contact us about your repayment claim. We may ask you to provide e...
business
Do I charge VAT on EU sold items?
If you sell goods to a business and these goods are sent to another EU country, you do not charge VAT if the customer has a valid EU VAT number. You may s...
business
How long can a company trade at a loss?
Summary of the key features of the various loss relief claims Accounting basis Special Circumstance Time limit Cash basis Your business ceases to trade an...
business
How much can you earn before informing HMRC?
The Government’s new Trading Allowance came into effect for the 2016/17 tax year. It means that sole traders with an income of up to than £1000 no longer ...
business
Can I get a copy of my tax credits award letter?
Claimants can use bank statements, showing child benefit payments or tax credit award notices. Claimants can request a child benefit entitlement letter fr...
business
How many times can you apply for a Working Holiday Visa in Australia?
The Working Holiday Visa subclass 417 is also the type of Working Holiday Visa that can be held twice. The first time you apply you must be outside of Aus...
business
Can I backdate SIPP contributions?
SIPP backdated contributions This option allows you to make a one-time SIPP deposit of more than £40,000, if you paid less than your annual SIPP allowance...
business
Who qualifies for free disabled car tax?
You can apply for exemption from paying vehicle tax if you get the: higher rate mobility component of Disability Living Allowance ( DLA ) enhanced rate mo...
business
How long does it take to show tax?
The answer is usually somewhere between 5 days and 8 weeks, depending on a number of factors including the system involved (for example by PAYE or Self As...
business
Do you have to pay tax on statutory maternity pay?
SMP is paid in the same way as your wages (for example monthly or weekly). Tax and National Insurance will be deducted. Use the maternity pay calculator t...
business
Are training courses a taxable benefit?
Generally speaking, work-related training, together with any incidental benefit alongside the training, is tax-free when paid for by your company. If the ...
business
Can we sell gifted shares?
A gift from a relative is exempt and thus it would be exempt for your brother. When your brother will sell the shares, capital gains would arise. If the m...
