AMS Accountancy Ltd

Merry Christmas from everyone at AMS Accountancy!
Christmas card designed by Sunny Simms, Year 6 Lawn Primary School
Our office will close Wednesday 24th December at 2pm and we will re-open at 8.30am on Friday 2nd January 2026

What is the difference between Zero Rated and Exempt VAT?
META: Comparing the differences between Zero-rated VAT and Exempt VAT sales.
Zero-rated VAT is applied to things like food, children’s clothes, and books etc. Also, if selling abroad, say to the US, your goods will be Zero-rated (although the EU will charge your customers EU VAT on importation). If you are VAT registered, you can reclaim the VAT on your overheads and costs related to those Zero-rated sales – e.g. machines to make children’s clothes.
VAT Exempt sales cover things like rent and health care insurance – and, in contrast to Zero-rated sales, you cannot claim VAT back on costs relating to those VAT Exempt sales.

What is the difference between Zero Rated and Exempt VAT? Zero-rated VAT is applied to things like food, children’s clothes, and books etc. Also, if selling abroad, say to the US, your goods will be Zero-rated (alt...

Can I claim Statutory Maternity Pay if I’m a ?

Can I claim Statutory Maternity Pay if I’m a director? | AMS Accountancy Directors of their own company can still benefit from Statutory Maternity pay

Tax relief on Pension lump sum withdrawals
When you take a lump sum from your , you could pay up to 40% tax on it but there are two options for obtaining tax relief

Tax relief on Pension lump sum withdrawals If you are thinking of taking a lump sum from your pension fund, you should definitely talk to your accountant to go through the tax issues. Pension lump su...

Do I need to register for if I employ a friend?

Do I need CIS if I employ a friend? | AMS Accountancy Construction Industry Scheme rules for employing people on an ad hoc basis