If you have a client operating Vat under one of the Margin Schemes and sadly they suffer a bad debt on a sale just how do you calculate the Vat Bad Debt relief that is due? The HMRC Manual has the answer with some examples.
The amount of the allowance has changed a few times since it's inception but of course not all expenditure is incurred in a period when the allowance was unchanged. Time apportionment comes into play and in this article the team at CronerTaxwise provide some detailed examples to help out.
Are you registered with HMRC for Money laundering purposes? If you are do you know what changes to your circumstances yo need to notify them about? here is the answer.
If your practice is still struggling with the concept of Social Media as a marketing tool then this article will definitely help you.