Working out your VAT

Working out your VAT

If you have a receipt that includes VAT but the supplier hasn’t split out the VAT how do you work out the VAT? Just follow this quick calculation to work it out – assuming it’s 20% VAT!   To calculate the VAT divide the gross amount by 6.   To...
Getting The Most Out of Factoring

Getting The Most Out of Factoring

Factoring or invoice discounting has become the most common way to fund working capital for businesses over the last 10 years. We choose our words very carefully in the opening paragraph by choosing ‘common’ rather than ‘popular’. Most businesses would prefer the...
Paying HMRC

Paying HMRC

If you need to make a payment to HMRC here is all the information you need. Self Assessment Sort Code            08 32 10 Account No.       12001039 Account Name  HMRC Cumbernauld Reference           Your 10 digit Self Assessment URN and add a ‘k’ at the end.  ...