Archive for June, 2009
Tax & VAT Fee Insurance Is ESSENTIAL For All Businesses
I know I have mentioned this a couple of times before but it still annoys me the number of clients that either refuse to pay out the £100 per year or so for the cover, or justify their non-action by thinking “it will never happen to me”.
Since April 2009 the investigation regime has changed. There were few trumpets and dancing girls to announce the change and consquently, 99% of business people have no idea things have changed and what it might mean for them.
HM Revenue & Customs are catching up to the 21st century
Barclays – Don’t Want Me To Go!
It is nearly two months now since I opened a new business bank account with HSBC and wrote to Barclays to close the account and transfer the direct debits etc. Well, after hearing nothing at all from them until last Friday, 5th June) the letter I received made me really angry. They were writing to charge me £35 because they couldn’t transfer the weekly amount into my wife’s account (because she had shut it the previous weekend – and her experience in doing that is another whole post in itself).
VAT – Fuel Scale Charge
I have noticed recently a worrying trend for clients not to apply the fuel scale charge to their books before they finalize the VAT Return. When asked about this the reasons vary from – “Oh – I Forgot” to “We haven’t had a VAT visit for 10 years so we have probably dropped below the radar”.