The hospitality and leisure industry were particularly hard hit by the effects of the Covid-19 pandemic and associated lockdowns. To help the industry recover they
Making Tax Digital (MTD) is a government programme to move to a digital tax world.HMRC’s stated ambition is to become one of the most digitally
Reduced rate of VAT for hospitality and leisure The hospitality and leisure industries have been severely affected by the Coronavirus pandemic. To help businesses in
Most VAT-registered business can use the flat rate scheme if it is expected that VAT taxable turnover in the next 12 months to be £150,000 or less. Read more…
FRS for VAT – Who is it for? The VAT flat rate scheme (FRS) is used by many small businesses to help simplify their VAT
The delayed start date for the domestic reverse VAT charge has given businesses an extra year to prepare for the charge. We explain what you can do to prepare.
Domestic reverse VAT charge for building and construction services The domestic reverse VAT charge for building and construction services was due to come into effect
Even if your business hasn’t reached the £85,000 turnover threshold, there are some benefits to registering for VAT early.
VAT registration – sooner or later? Once a business is up and running, the next major administrative area to be faced often concerns the subject
VAT refunds for DIY builders If you build your own house or convert an existing property into a home, you may be eligible to apply
Do you run a business? Should you register for VAT? What are the conditions? We answer all these questions here
All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay VAT once annual sales reach a