The Bank of England’s Monetary Policy Committee (MPC) met on 2 August 2023 and voted 6-3 in favour of raising interest rates by 25 basis points.
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VAT treatment of road fuel costs
There are four options for the VAT treatment of road fuel costs. Treat all of the VAT as input tax because 100% is used for business purposes.
Need to tell HMRC about extra income?
There is an online tool that allows taxpayers to check if they need to notify HMRC about additional income. The online tool
Being made bankrupt
The bankruptcy process applies to people living in England, Wales or Northern Ireland. There is a separate process known as sequestration