Feb 6, 2023 | Expenses, FAQ, Information, News, VAT
A new VAT penalties regime was brought in this month, and any firms or individuals missing their filing deadline from January 2023 onwards will receive penalty points even if there is no VAT due to be paid. While this may sound more benign than getting a fine,...
Oct 5, 2022 | FAQ, Information, News, Tax, VAT
New chancellor Kwasi Kwarteng delivered his first mini-Budget, officially labelled ‘The Growth Plan 2022’, on September 23, and while it largely consisted of tax giveaways, it was not well received by markets. The FTSE 100 fell sharply on the day from 7,221 on...
Sep 23, 2022 | Covid-19, Expenses, FAQ, Information, News, VAT
All deferred VAT payments should have been dealt with by now, but HMRC has flagged in its latest bulletin for August that if your business is one of those that still has not managed to complete the payments that have been delayed, then you could be facing a penalty....
May 16, 2022 | Expenses, Information, ISA, Tax
If you are one of those people who is always racing to use up your tax allowances, such as Individual Savings Accounts (ISAs) at the last minute before the end of April 5, then you are not alone. But you could be making a big mistake. When it comes to mopping up tax...
May 9, 2022 | Business Start Ups, FAQ, Information, Making Tax Digital, News, QuickBooks, VAT
Anyone filing VAT returns from April 1, 2022 onwards now has to file their return digitally as HMRC’s Making Tax Digital reaches its next phase. All businesses registered for VAT – even if they have turnover below the threshold – must file their returns this way from...
