VAT Flat Rate Scheme overview

The VAT Flat Rate Scheme allows businesses to pay VAT as a fixed percentage of their total turnover, which includes VAT. The applicable percentage varies based on the business

How to interpret your tax code

The letters in your tax code indicate whether you are entitled to the annual tax-free personal allowance. These codes are updated each year and help employers calculate how much

Tax Diary January/February 2025

1 January 2025 – Due date for Corporation Tax due for the year ended 31 March 2024

19 January 2025 – PAYE and NIC deductions due for month ended 5 January 2025. (If you pay your