Prepare for Making Tax Digital

What is Making Tax Digital?

Making Tax Digital (MTD) is a key part of the government’s plans to make it easier for businesses to keep on top of their tax affairs. The aim is to make the process of administrating tax simpler and more efficient. All of your tax information will be in one place, and you will be able to pay tax based on your business activity throughout the year. You will also be able to upload and update your tax account in real time.

Keeping digital records and providing updates to HM Revenue & Customs (HMRC) directly will help reduce errors, cost, uncertainty and worry. This is a major change affecting taxpayers in business, including those who have rental income, and will be compulsory. Continue reading “Prepare for Making Tax Digital”

Public liability insurance

What is public liability cover?

Public liability insurance helps to protect your vineyard business from compensation payments and legal costs arising from personal injury and property damage claims made by your customers, passers-by, or people you visit. This cover also includes the cost of medical treatment and transportation costs incurred by the NHS should they claim this amount from your business following an incident. Public liability insurance will cover everything from minor incidents in the work place to large claims that could force you out of business. Continue reading “Public liability insurance”

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