Insights

Although HMRC may be quite understanding when it comes to being a little bit late with tax payments, it is probably not…

As every business owner should know, never underestimate the potential impact of cashflow. Sound businesses have fallen victim to the implications of…

Previously, some smaller SME businesses with annual sales of less than £150,000 have found the flat rate VAT scheme beneficial and regarded…

Jeremy Hunt is due to deliver his Spring Budget on 15 March 2023 and there has been a lot of speculation about…

Data obtained by the Financial Times relating to small business revenues appears to show a trend for business owners to stall growth…

Some new VAT late filing and payment penalties and new VAT interest charges are being introduced very soon. The changes will affect…

The level of power wielded by HMRC to obtain information from third parties has increased very significantly in recent years. Banks, estate…

The new Domestic Reverse Charge (DRC) rules for the construction industry came into effect on 1 March 2021 and ever since confusion…

HMRC will be introducing Making Tax Digital (MTD) for VAT as a mandatory requirement for all VAT-registered businesses from 1 April 2022.…

Due to Brexit, there are now different rules in respect of the EU VAT refund process. UK businesses can no longer use…

VAT legislation originally introduced in 2012 is starting to have an impact on the relevant business service providers now, as HMRC has…

New VAT e-commerce rules will apply with effect from the 1st of July 2021. The start of these rules was originally set…

New guidance from HMRC has outlined how to register for the online service to pay VAT payments that were deferred between 20…

The VAT Domestic Reverse Charge (VDRC) rules for the construction industry will finally come into operation on 1 March 2021 after many…

General If you are importing or exporting goods after 31st December, you will need an EORI number. You can apply online and…