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Postponed VAT Accounting: How does it work?

Postponed VAT Accounting: How does it work?

In a post-Brexit Britain, SMEs find themselves subject to import VAT on all goods worth more than £135 bought from EU companies as well as those outside the EU. Traditionally, businesses paid import VAT either as the goods reach the border, or via a Duty Deferment...

Tax Relief: Newly merged R&D scheme

Tax Relief: Newly merged R&D scheme

Are you aware of the newly merged R&D (Research and Development) relief scheme? Well, following on from last year's Autumn Budget, the scheme has now come into effect, implemented for accounting periods beginning after 1st April 2024. It has presented significant...

Autumn Statement Summary 23

Autumn Statement Summary 23

Yesterday, Jeremy Hunt delivered the 2023 Autumn Statement, his third fiscal announcement as Chancellor of the Exchequer. Following the OBR’s recent confirmation that inflation has halved since January, the statement featured a stronger focus on tax cuts and...

Grow your career with EKWilliams

Grow your career with EKWilliams

At EKWilliams Chartered Accountants, we know better than anyone that our team is what makes our service so great. We welcome school leavers to explore what our apprenticeship schemes have to offer. Take Racheal, for example, who joined our practice five years ago as...