Entries by Oliver Savage

Do you need to fill out a tax return?

Has your financial position changed in the past year?  Have you retired, sold an asset or started a new venture.  Are you aware that you may need to let HMRC know that you need to complete a tax return? Do any of the following apply to you since 6 April 2015. Started to rent out […]

VAT schemes

If your VAT taxable turnover goes over £82,000 in any twelve month period you HAVE TO register with HM Revenue & Customs (HMRC) and immediately charge VAT on your sales. You have 30 days to register. In practical terms, if your turnover is nearing £82,000 you need to check your turnover monthly for the 12 […]