There are many ways to calculate your VAT.
Standard accounting
Cash accounting
Flat Rate Scheme
Sales Margin scheme (second hand goods)
Retail Schemes

If you would like any help choosing which scheme is right for you, please give us a call and one of our Accountants will help you through it.

Tax is Changing

Updated 21st March 2017
NOTE: the information being given from the tax office can change. As soon as we know any changes we will update this page


The Self Assessment is going and Assessment is coming back!

What does that mean?
Cutting to the chase, the government is 'going digital'. Everybody will have there own Digital Tax Account accessed through a Government Gateway Account.

When the new system is fully up and running (see below for when) every self-employed person will have to submit quarterly figures to the Tax Office. Each time you submit your figures, you will get a Tax Bill. At the end of your tax year, you will have to fill in your Tax return as you do now. This is where all your annual allowances and extra statutory concessions can be claimed. You will (currently) have 10 months to submit your year end return and pay any balancing allowances. The Idea behind the new system is to spread the payments instead of having 1 large bill.


When does this happen?
Its happening right now, there are 2 stages to the introduction. 

Stage 1 (April 2018):This is for self-employed people that are VAT registered. As VAT registered individuals are use to submitting quarterly figures, they are first. Vat registered individuals will begin being phased in from April 2018. 

Stage 2 (April 2019): From April 2019 all other self employed individuals will start to receive notices of compliance from HMRC. When you receive your notice, please let us know.


At Abacus, we are ready to take away the hassle and make the transition as pain-free as possible. If you are worried about the change, please get in touch with the office and we can talk you through it.

For further information on the Digital Tax Account click hear

courtasy of the Pensions Regulator

Are you ready for Workplace Pensions (Auto Enrollment)?
You should start preparing 12 - 18 months before your Staging date. If you need help then please give us a call or visit The Pension Regulator for further information.

Call or Write to

Abacus Accountants
9 Ruthin Road
LL16 3EH

Telephone us on

01745 814440


Fax us on

01745 814448


Skype us on

01244 940114