Mar 15, 2022 | Information, Tax, Vault
Inheritance tax (IHT) is one of the most hated taxes there is, mainly because for many people their estate faces a 40% tax rate which is higher than they would have paid during their lifetime. HMRC’s latest figures reveal there has been a £700m increase in IHT...
Mar 10, 2022 | Business Start Ups, FAQ, Making Tax Digital, QuickBooks, Vault
Starting 1 April 2022, all VAT (value-added tax) registered businesses must comply with Making Tax Digital (MTD), regardless of what their turnover is. Up until that point, businesses under the VAT threshold (turnover less than £85,000 per year) didn’t have to comply...
Mar 3, 2019 | Limited Company, Tax, Vault
If you run a limited company it is likely that you will receive personal income from your company in the form of both salary and dividends. As dividend tax rates differ from other forms of income, and the tax due is usually worked out after the tax year in which the...
