If you are an employer and have a PAYE scheme registered with HM Revenue and Customs (HMRC), then you will have to complete and submit an Employer’s Annual Return, also known as a P35. This summarises the PAYE and NIC deducted from your employees, and if relevant, any CIS tax deducted from your subcontractors and …
The current threshold for compulsory VAT registration is taxable turnover of £85,000 in the last 12 months. This is a rolling measurement – if you look at the year to 30 June and you are under, that’s fine. However, you then need to review for the year to 31 July, and so on. Note the …