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Corporation Tax Late Payments: Everything You Need to Know About Penalties and Interest

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Corporation Tax is a tax that limited companies in the UK pay on the money they earn. Just like people have to file Self Assessment tax returns, companies must submit a Corporation Tax return and pay their tax by HMRC’s deadlines. Paying on time is important. It doesn’t just keep your business legal it also […]

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What Counts as a Zero-Rated VAT Supply in the UK

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If you’ve ever run a business in the UK, you know that VAT can feel complicated. How different VAT rules affect everyday sales, and one category that often confuses people is zero-rated VAT. In simple terms, zero-rated supplies are goods and services that are taxable but charged at 0% VAT. That means your customers don’t

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Do Landlords Need to Pay VAT on Rent? A Guide to VAT for Property Owners

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Many UK landlords and Airbnb hosts worry about charging the wrong amount or missing a rule. Long term rent often does not have VAT. Short stays can have VAT like a hotel. Commercial rent can change if you choose to charge VAT on the property, which is called the option to tax. Add the rolling

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A Complete Guide to VAT Reliefs for Charities in the UK

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Running a charity in the UK involves key tasks like handling taxes, keeping financial records, and following legal rules. VAT can be especially tricky, with specific rules for charities that can be easily overlooked. Missing out on the reliefs you’re entitled to could result in paying more than necessary, which is the last thing any

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6 reasons limited company needs professional vat return service

6 Reasons Your Limited Company Needs Professional VAT Return Services

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It might be hard and take a lot of time to handle VAT returns for your limited company. No matter what field you’re in, whether it’s retail, construction, or something else, VAT returns need to be done correctly and in line with the most recent rules. Mistake or missing deadlines can result in fines, compliance

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Do You Need a Self‑Assessment Tax Return for Refunds or Reliefs?

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Wondering if you need to file a Self‑Assessment tax return to claim a refund or get tax relief? This is a common question during tax season, especially for those who do not usually complete a tax return. The answer depends on your situation, the type of income you have, and how you want to claim

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How UK Small Businesses Can Benefit from 2025/26 Tax Reliefs

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Running a small business in the UK can be rewarding, but managing taxes can sometimes feel like a complex puzzle. However, 2025/26 brings some great tax relief opportunities that can help you save money and keep more of your profits. Let’s dive into how UK small businesses can take advantage of these tax reliefs and

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Everything You Need to Know About Corporation Tax Rates in the UK for 2025/26

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Businesses in the UK must understand the corporation tax rates that will apply to various business profits for the 2025/26 financial year. Corporation tax is a direct tax that UK-based companies pay on their profits, and staying informed about the latest rates can significantly impact your business’s financial planning. For the 2025/26 financial year, the

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A Complete Guide to Successfully Claiming R&D Tax Relief in the UK

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Research and Development (R&D) tax relief is a significant opportunity for businesses in the UK, allowing them to reduce their tax bills or receive valuable cash credits. The scheme aims to encourage innovation, enabling companies to reinvest in developing new products, processes, or services. Despite its potential, many businesses struggle with the complexities of the

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How Builders Can Reclaim VAT on Construction Materials in the UK

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Reclaiming VAT (Value Added Tax) can be a great way for builders to reduce the costs of construction projects. This process is especially helpful for those working on large-scale builds or refurbishments. Builders, self-employed contractors, and homeowners involved in specific projects can qualify to reclaim VAT. This article will explain who is eligible to claim,

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