+44(0)2080880900
info@statelyaccountants.co.ukTestimonials
+44(0)2080880900info@statelyaccountants.co.uktake a look at our
Clients Testimonials
“We have
experienced such an efficient help
and support from Stately
Accountants. Stately accountants
have been most professional and gone
to great lengths to assist us. Their
service re-affirms why we always
choose to work with them!”
“We are
very impressed with the standard of
services provided by Stately
Accountants. Stately Accountants are
extremely professional and keeps us
feeling confident about financial
issues that are a big mystery to us.
They also provided help by producing
our business plan and because of
that we haven been successful.”
SK GROUNDWORKS
“I'm
very satisfied with Stately
Accountants. I get instant answers
to every question at any hour of the
day. The advice and guidance I
received was very helpful. I will
definitely be hiring Stately
Accountants as my accountant next
tax season.”
SELF EMPLOYED
“I
wouldn't trust anyone other than
Stately Accountants to keep my
finances and taxes in order. I know
that whatever happens, Stately
Accountants has my back with any
financial issues.”
RUSKIN PARK CAFE LIMITED
take a look at our
Faq / Frequently asked questions
I don't think I will be able to pay my self-assessment tax in 31 January.
What should I do?
What should I do?
If you find yourself unable to pay your Self-Assessment tax by the deadline of January 31, there are options available to help you manage your payment. One possible solution is to set up a Time to Pay (TTP) arrangement, which allows you to pay your tax bill in instalments. To initiate a TTP arrangement, you will need to contact the Self-Assessment helpline at 0300 200 3822. Explain your situation and the difficulties you are facing in making the payment. HMRC is generally willing to assist with payment arrangements, but they may request evidence of your income, expenses, and reasons for your inability to pay. It's important to negotiate an affordable monthly payment amount that you can maintain without undue financial pressure. Avoid agreeing to unrealistic payments that may strain your finances further. If you require assistance in presenting information to HMRC or navigating the process, we are here to help.
What is the rate of VAT?
Please note that the rate of Value Added Tax (VAT) in the UK is typically 20%. This standard rate applies to most goods and services. However, certain items are exempt from VAT, such as stamps, financial services, and property transactions. Additionally, there is a zero rate of VAT that applies to items like most food and children's clothes. Given the complexity of VAT, it is essential to ensure the correct rate is applied.
What is Making Tax Digital (MTD) and does it
affect my business?
Making Tax Digital (MTD) is a government initiative aimed at streamlining tax administration for individuals and businesses. If your business is registered for VAT and has a taxable turnover above £85,000, you are required to comply with MTD for VAT. This means using digital tools to submit your tax information to HMRC.
How much do your services cost?
As for our services, the cost will depend on the specific needs and complexity of your business. We offer a free consultation to understand your requirements better and tailor our services accordingly. Whether you require business advice, planning, payroll processing, or assistance with company formation and registration, we are equipped to provide comprehensive support..
Any other question?
If you have any further questions or require additional information, feel free to let us know. Click Here to share your query with us.