VAT | Acuaccounts

How to navigate customs and VAT after Brexit

Acuaccounts — Fri, 18 Dec 2020 00:17:10 +0000

Navigating customs and VAT will change after Brexit. As of 1 January 2021, UK businesses have to consider imports and exports to and from the European Union (EU) countries as they do for countries outside the EU. Complex customs procedures will apply and VAT will also change. The UK government has measures aimed at easing the […]

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What you need to know about the Winter Economic Plan: Job Support Scheme | SEISS | Kickstart Scheme | Bounce Back Loans

Acuaccounts — Thu, 08 Oct 2020 08:37:44 +0000

Please see our latest blog article for the more recent updates from the chancellor’s statement on November 5th, 2020 The chancellor announced on September 24th 2020 a series of measures as part of the Winter economic plan with the aim to protect jobs and support businesses over the coming winter months. Central to the plan is a […]

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April’s Tax Tips & News

Acuaccounts — Fri, 05 Apr 2019 12:50:09 +0000

Welcome… To AcuAccount’s April’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know or you can send us a question for our Question and Answer Section. We are committed […]

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Making Tax Digital for VAT – What records must be kept digitally?

Acuaccounts — Wed, 13 Mar 2019 16:06:05 +0000

Under Making Tax Digital (MTD) for VAT, which is coming into effect from 1st April 2019, these records must now be kept digitally within functional compatible software. See the following outline as a guide to what HM Revenue & Customs (HMRC) are looking for: Essential Details Your Business Name The address of your principal […]

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Making Tax Digital – Deadline Approaching

Acuaccounts — Fri, 08 Feb 2019 11:46:54 +0000

You may have seen previous blogs or newsletters from us regarding Making Tax Digital (MTD). However, here is a reminder. What is MTD? Making Tax Digital is an attempt made by the HMRC to do exactly what the name suggests. Currently, once a year, businesses have to file one headache of a document but […]

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Distinguish Between Zero-Rated VAT, Exempt VAT & Non-Taxable Supplies

Acuaccounts — Wed, 12 Dec 2018 11:31:32 +0000

All supplies could be classified as exempt, zero-rated or standard rated for VAT purposes. Supplies that are standard-rated or zero-rated are considered to be ‘taxable supplies’ as defined. The supply of goods and services are generally subject to VAT at the standard rate (20%), unless such supply is specifically zero-rated or exempt in terms […]

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Using Amazon for Business Equipment, Stationery and Related Expenses

Acuaccounts — Mon, 12 Nov 2018 11:19:17 +0000

Do you purchase business-related equipment, stationary & so on from Amazon? If so why not create an Amazon Business account! If you have not already done so, this is a great feature to utilise from accounts and record keeping as this enables you to gather: VAT exclusive pricing and VAT invoicing: See […]

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