• Posted November 24, 2016

Changes to the VAT Flat Rate Scheme

In his first Autumn Statement as Chancellor, Philip Hammond, announced an introduction of a new 16.5% flat rate of VAT for businesses which have a very low cost base. These businesses will be known as a ‘limited cost trader’. From 1 April 2017, new and existing users of the Flat Rate Scheme will need to determine whether […]

  • Posted September 16, 2016

When do I need to set-up a PAYE scheme?

When you need to set up a PAYE scheme may seem confusing, but here are three common scenarios where employers need to ensure they are complying with PAYE regulations: As an employer you do not need a PAYE scheme if you pay yourself or an employee under the Lower Earnings Limit (LEL) (for Tax Year […]