The Intellectual Property Office has issued a video setting out the dangers of buying counterfeit goods this Christmas. They say: Counterfeiting can be defined as the manufacture, importation, distribution and sale of products which falsely carry the trade mark of a genuine brand without permission…
Year: 2016
What taxes are payable if you set up in business
The answer to this question depends, in the first instance, on the business structure you select. If you run your business as a sole trader, or in partnership with another person, you are deemed to be self-employed. Partnerships also include Limited Liability Partnerships where the…
The Land Registrys free property alert service
This service helps people to detect fraudulent activity on their property by sending them email alerts when there is certain activity on the property being monitored, such as a mortgage being taken out against it. The recipient can then decide whether they think the activity…
Changes to the VAT Flat Rate Scheme
As we have noted in previous blog postings, Philip Hammond announced a significant change to the VAT Flat Rate Scheme (FRS) from 1 April 2017. To join this scheme, businesses need to have turnover excluding VAT of under £150,000. VAT payable to HMRC is based…