your local accountant
Paying up your NICs
March 15, 2023If you haven’t already retired, you need to rack up 35 full years of National Insurance Contributions (NICs) in order to receive the maximum state retirement pension. To receive any amount of state retirement pension, you need at least 10 full years of NICs contributions. Your online personal tax account (at: www.gov.uk/personal-tax-account) will show you
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Rise in Interest Rates for the first time in 10 years
November 10, 2017Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely to
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When must a business register for VAT
October 17, 2017When Must a Business Register for VAT? Businesses in the UK must register for VAT when their taxable turnover exceeds the VAT registration threshold. As of April 2024, the VAT registration threshold increased to £90,000. This means a business must register for VAT if the value of its taxable supplies over the previous 12 months
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