AMS Accountancy Ltd

27/08/2026

Do You Need to Declare Income from , , or ?

With more people earning money through platforms such as Vinted, eBay, Etsy and YouTube, it's important to understand when your online income may need to be declared to HMRC.

25/08/2026

Making Tax Digital (MTD)

We can assist with registration, setting up the necessary processes and software, and preparing and submitting your quarterly returns.

Please get in touch if you would like to discuss how we can support you.

22/12/2025

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

17/12/2025

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.

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...

15/12/2025

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

Directors of their own company can still benefit from Statutory Maternity pay

11/12/2025

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

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...

09/12/2025

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

Construction Industry Scheme rules for employing people on an ad hoc basis

12/11/2025

What is the 24 month rule when working overseas?

The basic 24 month rule applies – if you are an employee or director and work, or know you will work, at a temporary workplace for 40% plus of your working hours for over 24 months – you are caught by the ‘24 month rule’ and can no longer get tax relief on related travel, […]

10/11/2025

What are the tax rules on landlord’s mortgage interest?
If you are a buy to let the let mortgage interest relief is not tax deductible. Instead, a 20% tax credit is given that reduces the tax payable – but the calculation of this tax credit is not necessarily straightforward. On the other hand, Limited Companies still get full tax relief on mortgage interest on buy-to-let properties.

If you are a buy to let landlord the let property mortgage interest relief is not tax deductible. Instead, a 20% tax credit is given that reduces the tax pa...