Have you overpaid under the VAT flat rate scheme? Many small businesses consider the VAT flat rate scheme to simplify their VAT accounting: under it, you pay a fixed percentage of your VAT-inclusive turnover to HMRC rather than tracking input VAT on purchases. But...
Should higher rate taxpayers file a self assessment return? If you are among the higher-rate taxpayers, you may assume that all your tax affairs are handled automatically under PAYE. However, many higher-rate taxpayers are required to file a self assessment return —...
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