Merranti Accounting Blog
We are hiring – Kickstarter Scheme.
February 22, 2021We are hiring – Kickstarter Scheme. This role is part of the Government’s Kickstart scheme. As a result, it is only available to 16-24 year olds on Universal Credit. Please check you’re eligible with the JobCentre before you apply. Job Role: Accounts Administrator Number of hours per week: 25 -37.5 We are flexible Working pattern:
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Construction Industry VAT changes
February 3, 2021Construction Industry VAT changes From 1 March 2021, the responsibility for accounting for VAT on building works will shift up the supply chain to larger contractors. Building sub-contractors will no longer charge VAT to other businesses in the construction industry. Instead, their building customers will account for the VAT as both a purchase and sale
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Will I get a state pension?
January 27, 2021Will I get a state pension? Individuals who reach #StatePension Age (SPA) on or after 6 April 2016 need to have accrued 35 complete years of National Insurance Contributions (NIC) to receive the full state pension. To receive any UK state retirement pension, you need at least ten complete NIC years. You can check how
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Do you pay tax on Interest on savings?
January 25, 2021Do you pay tax on Interest on savings? All interest you receive is taxable unless it is from an ISA, but banks and building societies no longer deduct tax from interest paid to individuals. For most taxpayers the rate of tax payable on that interest is 0%, so no tax is in fact due. This
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Can I claim working from Home?
January 22, 2021Where you are required to work at home, your employer can pay you a tax-free allowance of £6 per week (or £26 per month). For periods before 6 April 2020, the tax-free allowance was £4 per week (or £18 per month). This allowance covers the additional costs incurred by using your home as a workplace,
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Did we get the deal?
January 21, 2021We all heard Mr Johnson say we had the deal; now we are feeling the after-effects the deal with issues in sending and receiving outside of the UK. The UK is now treated as a third country to the EU, which means the VAT rules on imports and exports have changed for all goods (of
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Land Tax / Stamp Duty Holiday
December 11, 2020When do pay Stamp Duty? All property in the UK is subject to a land tax which normally paid by your solicitor once the completion has occurred and Land Registry has been notified. How much you pay in Stamp Duty is all dependent on how you buy the property and whether your buying as an
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Tax Deferrals are coming due
November 30, 2020At the start of the coronavirus pandemic, the UK Government gave individuals and businesses the option to defer, until 2021, payments of Income Tax due by 31 July 2020 and VAT due in the period 20 March to 30 June 2020. In both cases, you could pay the tax or VAT by the original due
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Covid Government Scheme Report
November 19, 2020REPORT RELEASE: Merranti Accounting has just released their free latest report on the schemes being offered by the Government. A 12-page document that will list and explain in detail on all the potential benefits that are being offered by the Government. Get your copy here
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HRMC Tax Debt Management
November 17, 2020In addition to the various coronavirus business loan schemes, the government has allowed businesses to build up tax debt. Payment of the VAT due in the period March 20 to June 30 could be postponed until 31 March 2021. Unincorporated businesses and individuals could delay paying their self-assessment tax due on 31 July until 31
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