Category: VAT Guides

What is VAT and who needs it?
How do changes in the flat-rate scheme may affect your tax calculation?
How to get ready for Making Tax Digital for VAT?
Get clarity about your VAT questions and stay up to date with future developments.

Making Tax Digital for VAT

Making Tax Digital for VAT – The Complete Guide for Small Businesses

Starting from April 2019, most VAT registered businesses will have to comply with the new ‘MTD for VAT’ regulations and submit their VAT Tax Returns via MTD compatible software. The current process of applying VAT records to your HMRC tax account will become a way of the past, as your invoices and transactions will be transmitted via what HMRC refers to as; ‘Digital Links’ and ‘Software Bridges’. So, to get a better idea about the adjustments needed and to help you get MTD compliant, we have put together the below, Making Tax Digital for VAT complete guide.

Flat Rate VAT UK

Flat Rate VAT changes explained

Flat Rate VAT Update – July 2020 As part of the measures to support businesses during the Coronavirus pandemic, the government has announced six months cut in Flat Rate VAT for the hospitality industry. This […]

Making tax digital

Making Tax Digital for VAT – Are you ready for April 2019?

Making Tax Digital (MTD) for VAT is the Government’s first phase in what they believe is making tax administration more effective, efficient and easier for taxpayers. The Government has said that one of the main […]

Top tax tips

13 Top Tax Tips

A limited company structure is usually the best way to legitimately and compliantly minimise your tax bill. This is because you can take remuneration through an efficient mix of salary and dividends and claim a […]

VAT Flat Rate Scheme changes

What’s happening with the flat rate VAT scheme?

How is flat rate VAT calculated? Traditionally, contractors have always benefited from registering on the flat rate scheme. This is because VAT would be collected on a sales invoice at 20%, but a lower percentage […]

VAT – what is it and who needs it

What is VAT? Value Added Tax (VAT) is one of the most prominent words that orbits the world of business. You often hear comments mentioned such as, ‘is that plus vat?’ ‘that’s zero rated vat,’ […]

Topical VAT update

This is a reminder for businesses who are VAT registered in relation to general VAT pointers which you may find helpful. Please be aware, per HMRC’s guidelines, appointing accountants to look after your affairs does […]

VAT changes for supplies of digital services to EU Countries

From 1 January 2015 onwards, the way VAT has to be applied when specific ‘digital services’ are supplied to EU customers is changing. This only impacts services provided by a business to consumers (B2C), not […]