MTD for VAT is coming

Since mainstream Making Tax Digital (MTD) was delayed, time has passed quickly and many businesses thoughts have passed to more pleasant things like tax returns and GDPR! But MTD is back on the horizon and it will impact on VAT shortly. What changes does MTD for VAT...

Data Protection and GDPR

We’ve added – a bit late sorry – some guidance around GDPR and Data Protection, in light of the new rules from 25 May 2018. The guidance in this document is aimed at individual teachers and small studios.  Please remember we are accountants and...

VAT for Yoga Teachers – a new guide

When I started YogaTax I had no idea that vat would be such a prominent issue amongst our clients, however it is, and it seems to cause the most problems. We’ve revamped and expanded our vat guidance, and hope its helpful: Our guidance on vat is split over the...

VAT Flat Rate Scheme and Yoga Teachers

Because of both the retail nature of a yoga business, and the high labour element of sales price, VAT registration for a yoga business can be expensive, and something to be avoided if possible, eg by a restructure on commercial lines into two or more separate...

Extending tax relief for SME training

SMEs are being consulted on changes which will encourage further training of staff. The government has published Taxation of self-funded work-related training: Consultation on the extension of tax relief for training by employees and the self-employed. Changes...
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