Director’s Optimum Salary 2025-26
Best Director Salary for 2025/26: How to Pay Yourself Tax-Efficiently Are you a limited company director wondering how to pay yourself in 2025/26?Choosing the right balance between salary and dividends could save you thousands of pounds in tax. In this guide, we’ll show you the best director salary for 2025/26, based on real-world numbers […]
Common VAT Return Errors
Common VAT Return Errors and How to Fix Them Let’s be honest—nobody enjoys paperwork, especially when it comes to VAT returns. But if you’re running a business in the UK, it’s something you can’t ignore. And while most business owners do their best to stay compliant, Common VAT Return Errors often turn VAT filing into […]
VAT Filing Deadlines & Penalties
VAT Filing Deadlines & Penalties: Key Dates You Can’t Miss Filing VAT returns isn’t exactly fun, but ignoring VAT Filing Deadlines & Penalties can cost you dearly. Most business owners don’t intentionally miss deadlines—it’s often just an oversight, a last-minute scramble, or simply not knowing when things are due. However, with HMRC, even a small […]
Filing VAT Returns Online
Why Filing VAT Returns Online with HMRC is a Smart Move If you’re anything like me, the thought of doing VAT returns used to make your head spin. Numbers, forms, deadlines; it all felt like a lot. But the day I shifted to filing VAT online through HMRC? Game-changer. Let me walk you through why […]
Understanding VAT Return Boxes: A Comprehensive Guide
Understanding VAT Return Boxes: A Comprehensive Guide VAT Return Box 1: VAT Due on Sales and Other Outputs In Box 1, include the total VAT charged on all goods and services supplied during the return period, known as ‘output VAT’. This encompasses VAT due under the reverse charge for services from non-UK suppliers or construction […]
Tips and tricks for successful VAT reporting in the UK.
UK VAT Returns in 2023: 10 Expert Tips from Prokeeper Limited Navigating the constantly evolving tax landscape is crucial for businesses, especially when it comes to managing UK VAT returns. Value Added Tax (VAT) is a consumption tax applied to the value added to goods and services during their production and distribution. Submitting accurate VAT […]
Why Your Business Needs Professional VAT Return Services in the UK
Simplifying VAT Returns: A Guide for Businesses VAT returns often come with a reputation for complexity and burden. As an indirect tax, VAT is levied by the government on most goods and services sold by businesses. If your annual turnover exceeds £85,000, you are required to register for VAT and set up an online VAT […]
VAT Annual Accounting Scheme
VAT Annual Accounting Scheme: A Comprehensive Guide HMRC has introduced several VAT schemes to ease the administrative burden on small businesses. One such beneficial scheme is the VAT Annual Accounting Scheme. What is the VAT Annual Accounting Scheme? The Annual Accounting Scheme allows small businesses to submit only one VAT return annually, instead of the […]
Understanding VAT on Goods Exported from the UK: A Comprehensive Guide
Navigating the intricate world of Value Added Tax (VAT) on goods exported from the UK can be a perplexing journey for businesses. However, with the right knowledge and understanding, it becomes more manageable. In this comprehensive guide, we’ll unravel the complexities surrounding VAT on exported, outlining key concepts, regulations, and considerations. Zero Rating of VAT […]
Demystifying VAT Returns: A Comprehensive Guide for Small Businesses
For many self-employed small business owners, the mere mention of VAT Returns can induce a sense of overwhelm. The complexities of navigating through VAT regulations, especially for first-time filers, can be daunting. However, fear not! In this guide, we’ll break down the process step-by-step, ensuring you’re well-equipped to file your VAT Return accurately and efficiently. […]