Your company’s Annual Accounts contain a great deal of financial information and accountancy terms that are not always easy to understand, so to help gain a better understanding of the information contained in your Accounts, we have prepared a guide entitled “Glossary of Accounting Terms” which explains the common terms used in the Accounts. The guide can be found on your Contractor Portal along with various other useful guides and templates for your information.
The article outlines the typical tax payment dates and methods of estimating the values of tax payable for each type of tax, including VAT, PAYE, NIC, CIS, Corporation Tax, and Dividend and Personal Taxes.
Rishi Sunak has proposed a number of changes to the way that Corporation Tax will be calculated and applied. Learn more.