Will You Be Impacted By The New Online Seller Rules?

Lady with laptop on desk and clothes hanging in background.

HMRC has introduced new rules that affect anyone who sells items on sites such as eBay, Vinted, Etsy, or Depop or people who rent out their homes on Airbnb and other similar sites. It also includes delivery drivers for Deliveroo and UberEATS, or freelancers that sell services through a website and earn money from doing so. The new regulations came … Read More

Company Car Tax rate changes from April 2025

It was announced in the Autumn Statement 2022 that changes to company car tax will come into force from 6th April 2025, 2026, and 2027. This will affect employers that provide an employee with a company car that is available for private use. The current company car tax rates will be in place until the 2024-2025 tax year. According to … Read More

Sage Tax (VAT) Codes

We know how hard it can be trying to remember all the HMRC terminology for the VAT status on items you purchase. The differences between T0, T2 and T9 often confuse, not to mention that some receipts or invoices show VAT but you are unable to claim it! Here’s a sneaky peek at some real-life examples from the guide: This … Read More

Are you ready for the next phase of MTD for VAT?

The next phase of MTD will come into effect from 1st November 2022. You will not be able to use your existing VAT online account to file your quarterly or monthly VAT returns from this date. If this applies to your business, you will need to make sure your software is compatible with MTD and that you are prepared. You … Read More

Which Sage 50 tax code do I use for suppliers not VAT registered?

I posted a question in our free Sage 50 Accounts support group on a topic that I know causes much debate!  The question was: “What Sage tax code do YOU use for suppliers not VAT registered?!” The post had 106 comments!  So, what tax code should you use for suppliers who are not VAT registered? Should the amount, which has no … Read More

Income tax and personal allowance in 2022/2023

If you’re using Sage 50 Payroll or Sage Business Cloud Payroll, the legislation tables and settings in your software will update either automatically or if you install the update. From 8th March 2022 installing this update became mandatory, meaning you can’t access your software until you do the update. In the Spring budget last year it was announced that thresholds … Read More

What tax code should I use for the ICO fee?

The amount you pay to ICO for your data protection fee depends on the size of your business. They also take into consideration your turnover and business structure. This can be any amount from £40 to £2,900. Is the fee subject to VAT? The ICO website states: “No. Statutory fees are outside the scope of VAT, so no VAT is … Read More

What I need to know about plastic tax

If you’re a business who manufactures plastic packaging or you import plastic packaging then you need to be aware of the plastic packaging tax which is coming into place from 1st April 2022. The government has introduced this tax in their efforts to help the environment. However, biodegradable and compostable plastic will still be subject to the tax. The tax … Read More