Changes afoot for your VAT liabilities

Changes afoot for your VAT liabilities

If you run a professional practice with a turnover of more than £85,000, you must be registered for VAT and make returns, together with the appropriate payments of the tax to HM Revenue & Customs (HMRC) every three months. But sweeping changes are afoot, which may...
The flat rate VAT and solicitors

The flat rate VAT and solicitors

The UK joined the European Economic Community – forerunner of the EU – on the 1st of January 1973. One of the results of that decision was to replace Purchase Tax with a European invention, Value Added Tax (VAT). In the UK, the initial standard rate of VAT was 10% but...
Barrister Loans

Barrister Loans

As the website Law Careers puts it, becoming a barrister is a high-risk and very expensive project. On top of the already high costs of studying and paying for a university degree, there are also the costs of obtaining a Graduate Diploma in Law (GDL) – with current...
Does your law firm need a loan?

Does your law firm need a loan?

Why do lawyers need loans? The reasons are many and varied, so it may be worth reviewing how solicitors typically fund the legal services they offer. Funding In many respects – whether your firm is structured as a partnership or a limited liability company and whether...

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