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The total value of all sales.
The cost of items purchased to sell.
The cost of wages.
The cost of all admin and any other costs.
The total value of all other income.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
Employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year, HMRC has stated.
A survey carried out by the Institute of Directors (IoD) has revealed that confidence amongst UK businesses has been boosted by plans to re-open the UK economy.
The International Monetary Fund (IMF) has upgraded its UK economic forecasts for 2021 and 2022.