Some businesses can experience problems opening business bank accounts in UK. Construction companies, property development are considered to be risky businesses by banks.
In order to get the account set up for a company ensure that you have the following items available to give to the bank:
1. Memorandum of Association and Articles of association for the company
2. Certificate of Incorporation
3. A letter from the client accountant, stating the duration the client has been with the firm, nature of it's trade etc.
4. Last three years signed accounts - preferably showing profit. If financial statements are not available or this is the clients first year of trade show forecasted activity for next three years.
5. Form of ID of the director
Tuesday, October 26, 2010
Monday, October 18, 2010
Rates of VAT on different goods and services
If you're registered for VAT and you make VAT taxable supplies you'll have to charge VAT on them. Normally you charge VAT at the standard rate, unless the goods or services you are selling, and the circumstances in which you're selling them, mean you are allowed to charge a different rate.
There are different rates of VAT, depending on the type of goods or services your business provides. At the moment there are three different rates. They are:
•standard rate - 17.5 per cent
•reduced rate - 5 per cent
•zero rate - 0 per cent
There are also some goods and services that are:
•exempt - so no VAT is charged on them
•outside the scope of the UK VAT system altogether
source: http://www.hmrc.gov.uk/vat/forms-rates/rates/goods-services.htm
There are different rates of VAT, depending on the type of goods or services your business provides. At the moment there are three different rates. They are:
•standard rate - 17.5 per cent
•reduced rate - 5 per cent
•zero rate - 0 per cent
There are also some goods and services that are:
•exempt - so no VAT is charged on them
•outside the scope of the UK VAT system altogether
source: http://www.hmrc.gov.uk/vat/forms-rates/rates/goods-services.htm
Sunday, October 17, 2010
Звоним HMRC бесплатнo
Заменяем платные телефонные номера на бесплатные:
Choosing free phone numbers over paid ones:
HMRC: Online Services helpdesks 8am to 8pm, 7 days a week
0845 60 55 999, free alternative +44 161 930 8445
National Insurance enquiries 8.00 am to 5.00 pm, Monday to Friday, closed weekends and bank holidays, free alternative NICs Office Enquiry Line +44 191 213 5000
Customer Operations National Insurance Contributions Office 0845 3000 627, free alternative 01355 359022
More numbers and information on website: www.saynoto0870.com
Choosing free phone numbers over paid ones:
HMRC: Online Services helpdesks 8am to 8pm, 7 days a week
0845 60 55 999, free alternative +44 161 930 8445
National Insurance enquiries 8.00 am to 5.00 pm, Monday to Friday, closed weekends and bank holidays, free alternative NICs Office Enquiry Line +44 191 213 5000
Customer Operations National Insurance Contributions Office 0845 3000 627, free alternative 01355 359022
More numbers and information on website: www.saynoto0870.com
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