Yes, certain taxi driver expenses are allowable for tax in the United Kingdom. As a taxi driver, it is necessary to know what expenses you can and cannot declare when filing in your Self Assessment form. After all, you want to make sure you are making the most of all tax breaks that are available…

 

The GDPR regulation of May 25th, 2018 provided much-needed improvements to the Data Protection Act (DPA) of 1998 and 2018. For quite some time, it was believed by many to be long overdue since the DPA 1998 was no longer considered fit for the purpose for which it was originally designed. “The guidelines under the…

 

First and foremost, the UK boasts of having the highest VAT registration threshold in the EU and OECD. According to government figures, the £85,000 threshold means around 3.55 million small businesses avoid having to be VAT registered. Businesses that are registered for VAT can apply for VAT deregistration, if their annual turnover falls below the…

 

Unfortunately, the answer to this question isn’t as straightforward as you might think. The way in which it makes the most sense for you to take money out of your company may not be the same for another business. Consideration must be given to many factors, including the personal federal and provincial/territorial tax rates where…

 

Working nights is a common part of the modern business world, with at least 12 percent of the British workforce in such roles. Within the last five years, there’s been a 150,000 increase, the Trades Union Congress confirms. ‘Night’ is more or less the period between 11.00 pm and 6.00 am. You can agree with…

 

Yes, there is VAT on cleaning products in the United Kingdom. Cleaning services, including the materials used (e.g. cleaning fluids) and the goods you supply (e.g. toilet paper) are standard rated. Special rules apply only if you are doing “builders’ cleans” in the course of construction. The general VAT rules apply to all businesses. They…

 

In order to have an idea of the amount a plasterer is expected to make in the UK, you should clearly define the service offerings of a plasterer. A plasterer is a tradesman who works with plaster by forming a layer of plaster on an interior wall or other surfaces. Plasterers usually work on three…

 

The Food Hygiene Rating Scheme is a rating scheme created and monitored by the Food Standards Agency (FSA) to rate food businesses in the UK based on their hygiene and safety standards. Note that this rating scheme is applicable to England, Wales, and Northern Ireland. Scotland has its own system, which is the Food Hygiene…

 

According to reports, within 2001 and 2017 self-employment in the UK SME sector grew from 3.3 million self-employed to 4.8 million, with over 3.4 million people dependent upon their van for work. With the substantial growth in number of those who depend on their van for work, so have the number of vans changing hands…

 

The United Kingdom is ranked 9 among 190 economies when it comes to ease of doing business, according to the latest World Bank annual ratings. The rank of the United Kingdom deteriorated to 9 in 2018 from 7 in 2017. Ease of Doing Business in the United Kingdom averaged 7.27 from 2008 until 2018, reaching…

 

Do you want to start a business in UK? If YES, here are 20 best cities in UK with lots of opportunities for you to start a business as a foreigner. Most people believe London to be the only place of note in Great Britain worth investing or starting a business. It is not very…

 

Do you want to invest in real estate in UK? If YES, here are 20 best cities in UK with lots of opportunities to buy investment rental property. For the best part of the last 20 years, buying investment properties have been on the rise in the UK. But even with this encouraging growth, investment…

 
 

Is your bad credit score a turn-off to lenders in UK? If YES, here are 23 best sources of unsecured small business loans with no personal guarantee in UK and their interest rate. If you run a small business in the United Kingdom, you might not find easy access loans from the bank, but in…