When does a Vat Return Need to be Submitted?

When does a Vat Return Need to be Submitted?

Companies doing business in the UK need to be well-versed in Value Added Tax (VAT). Understanding the deadline for filing a VAT return is one of the most important factors. This blog post will provide detailed insights into VAT return deadlines, submission processes,...
Capital gains Tax Self assessment

Capital gains Tax Self assessment

Capital Gains Tax Self Assessment is a crucial part of the UK tax system that many individuals and small business owners often overlook or misunderstand. You might have to notify HMRC of any profit you make when you sell or otherwise dispose of an asset. The reporting...
Directors’ Dividends Tax in the UK

Directors’ Dividends Tax in the UK

Unsure how much tax you’ll pay as a company director? You’re not the only one asking. Many directors across the UK struggle to understand how dividend payments are taxed. With ongoing changes in tax rules and reduced allowances, it’s more important than ever to...
Sole Trader Tax Brackets in the UK

Sole Trader Tax Brackets in the UK

Understanding sole trader tax brackets in the UK is essential if you’re self-employed—especially if you live in Loughborough or run a local business. As a sole trader, your earnings are considered personal income, which means you’re taxed through the...
Disadvantages for Sole Trader

Disadvantages for Sole Trader

Being a sole trader is one of the simplest ways to start a business in the UK. Many people in Loughborough choose this route because it’s quick to set up and gives full control over their work. However, while being a sole trader offers flexibility and independence, it...