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New penalty for late returns

  • For your business

Taxpayers will no longer receive an automatic penalty if they fail to submit their returns. Instead a new points based system w... read full story
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VAT postponement still in use

  • What’s new this month

Businesses are still able to use postponed VAT accounting (PVA) to account for import VAT on their VAT returns. Accounting for ... read full story
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HMRC maintenance to close service for VAT this weekend

  • What’s new this month

The Making Tax Digital (MTD) service for VAT will be closed this coming weekend and into Monday. HMRC has announced that ‘sched... read full story
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Are you due a VAT repayment?

  • Company news

Have you charged your customers less VAT than what you’ve paid on a purchase? If yes then HM Revenue & Customs (HMRC) will ... read full story
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The VAT Flat Rate Scheme

  • For your business

The VAT flat rate scheme (often abbreviated to VAT FRS) is an alternative way for small businesses to calculate how much VAT th... read full story

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