VAT on business entertainment

VAT on business entertainment
Entertaining staff members, clients, prospects and other business connections is important for many businesses. It can be used as a way of rewarding your staff, gaining new clients or building relationships. What are the rules regarding tax in these kind of scenarios? We explain here what classes as business entertainment and where VAT can be claimed.
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A guide to exporting goods

A guide to exporting goods
If your business is already selling goods online nationally you might want to consider selling goods internationally. In April 2015 Britain exported £26.4 billion of goods abroad. If your business can grab just a small slice of your market abroad it can help your business grow exponentially. You might have been considering exporting abroad for a while now but just don’t know where to start, this is why Marshall Smalley are releasing this guide to simply explain how your business can begin exporting goods.
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Corporation tax

Corporation tax
Corporation tax can sound intimidating but it is in fact one of the simpler taxes. The conservative Government further simplified corporation tax by changing it to a flat-rate 20% tax as of April 1 2015. However, there are various allowances, reliefs and ring-fenced profits that can be difficult to get your head around. Here at Marshall Smalley we aim to decode the financial jargon so taxes makes sense.
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Marshall Smalley 2015 Summer Budget Overview

Marshall Smalley 2015 Summer Budget Overview
The post election Budget delivered on 8 July 2015 announced significant tax changes that will affect the tax affairs of small companies and individual landlords in future tax years. This is our general summary of these important areas of taxation that will affect a number of our clients.
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Avoid making mistakes for VAT

Avoid making mistakes for VAT
VAT is probably the most well known tax; everybody has been paying it from the first time you spent your pocket money at the tuck shop, to your latest purchase. VAT on consumer sales is easily comprehendible with a flat-rate applied to (most) goods. However, on the other side, in the murky world of business, VAT becomes a much more complicated issue, with 3 different rates of VAT to consider and different rules for imports, exports and charities. Here at Marshall Smalley we aim to straightforwardly explain VAT so you can stay on the right side of the tax man.
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