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The Plastic Packaging Tax – what you need to know

The Plastic Packaging Tax – what you need to know

The Plastic Packaging Tax came into effect in April this year, and if your business deals with any kind of plastic packaging in relation to your products, you may need to be registered for this. Anyone importing or manufacturing more than 10 tonnes of plastic...
VAT Flat Rate Scheme – Should we opt-in

VAT Flat Rate Scheme – Should we opt-in

The VAT flat rate scheme is a simplified VAT scheme. It can potentially save a lot of work and may also save tax. However, it is not for everyone and, depending on the nature of the owner’s business, they might find themselves worse off. Nature of the scheme The...
Act now to maximise your pension contributions

Act now to maximise your pension contributions

The changes to income tax rates are going to benefit all taxpayers from April next year as they get to keep more of the money they have earned. But one knock-on effect is that the amount of tax relief you can get on your pension will be reduced for both 20% and 45%...
Use of home as office: Are you claiming?

Use of home as office: Are you claiming?

A claim for the additional household costs incurred when working from home rather than in an office has been possible for many years, but many employees and their employers have only been made aware recently due to the pandemic. The claim is made under the general...
Self-Assessment – it’s getting to that time again

Self-Assessment – it’s getting to that time again

Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year,...