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HMRC Forms

HMRC Forms

There are a number of forms that a business is required to complete on an annual basis, and there are some that are required more often than this.  These forms are issued by HMRC and need to be completed accurately or the business could face a penalty in the form...
HMRC Forms

A Guide to VAT

VAT is a tax levied by the government on all sales of goods and services and stands for Value Added Tax.  Any business that earns more than the set threshold, currently £82,000 per annum, must register for VAT and complete a return each quarter.  ...
HMRC Forms

A Guide to National Insurance

National Insurance or NI is the system where a person pays in money in order to receive certain benefits if they qualify for them.  One that we all eventually receive is the state pension while others could be unemployment payments or payments when you are on a...
HMRC Forms

A Guide to Income Tax

If there’s two things that are a certainty in life it is that we die and that we pay taxes.  In fact, the idea of income tax has been around since 1798 when a prime minister brought in the measure to raise money for the country, originally in the short...

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