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Resources
VAT
VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them.
AAT Regulations
All self-employed AAT members offering bookkeeping or accountancy services to clients must hold a valid AAT licence.
Tax Calender
A tax year refers to the 12-month period that a tax return covers. Individuals are subject to a calendar tax year beginning Jan. 1 and ending Dec. 31.
Tax Rates and Allowances
The standard Personal Allowance is £12,570, which is the amount of income you do not have to pay tax on.