Parent Company Guarantees and Audit Exemption: A Guide for UK Subsidiaries
From April 6, 2025, the small company thresholds rose to turnover not exceeding £15 million (up from £10.2 million) and…
Blogs
Stay Informed with expert insights, tips, and latest updates on tax, accounting and business compliance from the Sterling & Wells blog.
VAT on Donations and Fundraising Events: What Charities and Organisations Need to Know
A qualifying fundraising event receives a mandatory VAT exemption under Group 12 of Schedule 9 to the Value Added Tax…
VAT on Insurance in the UK: Exempt Supplies Explained
Insurance is exempt from VAT under Group 2 of Schedule 9 to the Value Added Tax Act 1994, which means…
VAT on Solar Panels UK: The 0% Rate, Who Qualifies, and What Installers Must Know
The installation of solar panels in residential accommodation currently qualifies for a 0% VAT rate, applying across Great Britain since…
Cost of Sponsoring an Employee to Work in the UK: Sponsor Licence Fees
The sponsor licence fee is a one-off cost paid by the employer: £611 for small or charitable sponsors and £1,682…
VAT Late Payment Penalty UK: How Interest Is Calculated and What to Do If You Can’t Pay
The VAT late payment penalty is separate from the late filing penalty — filing on time does not protect you…