Monthly Archives: August 2011

Small business rate relief

Businesses who occupy only one property with a rateable value of less than £18,000 (or £25,500 in London) are eligible for small business rate relief, which reduces your liability to business rates. Typically businesses can claim up to 50% rates … Continue reading

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Mileage allowance is now 45p

It’s been over four months now since HMRC quietly raised the mileage allowance from 40p to 45p per business mile. With fuel prices having doubled in the last 12 years or so, not to mention soaring insurance costs, this is … Continue reading

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VAT flat rate scheme

If you are a VAT registered business you are required to declare all your sales VAT, and to claim back VAT on your purchases, on a VAT return form every three months. For some businesses, using the flat rate scheme … Continue reading

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