GMT Accounting Ltd


Business Mileage Claims

If you travel in the course of your business activities and you use your own vehicle for this travel you may be able to claim tax relief at an HMRC approved mileage rate. You should note that this does not include travel to and from your permanent place of work. There are differing rates depending

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VAT Schemes Explained

What is VAT? VAT stands for Value Added Tax and is a form of indirect taxation used by the Government to raise income. VAT is charged on most business-to-business and business-to-customer transactions. Businesses must register for VAT when their “taxable turnover” exceed the “VAT threshold”, which currently stands at £85,000. Some businesses opt to register

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