News,May 2018

benefits of being vat registered

What are the Benefits of Being VAT Registered?

23/11/2021Tax Issues , Taxation , VAT

When setting up a new business, some people may think that it is necessarily important to register for Value Added Tax (VAT). But, you need to know that it is not mandatory to register, provided that your VAT taxable turnover is over £85,000 (VAT threshold). However, even if your annual turnover is below the threshold, …

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What is Br tax code

What is BR tax code – A Basic Guide!

13/10/2021Finance , Taxation

BR tax code is one of the most used tax codes, but only some people knew about it. The employees within the United Kingdom are paid under Pay As You Earn (PAYE). They are provided with a UTR number that is used to determine the tax they need to pay on their income. In addition, …

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