by Sian Roger | Feb 27, 2023 | Accounting, VAT
HMRC makes changes to the way it applies VAT penalties HMRC has written to 2.5 million businesses to update them on the new points-based penalties for late VAT returns. VAT Penalty changes are on their way. Why have HMRC changed their VAT penalty system? HMRC have...
by stevegayler | Jan 27, 2022 | Accounting, VAT
When first setting up your business, there are multiple decisions to make and a key consideration will be whether to register the business for Value-Added Tax (VAT), the tax that’s added onto the price of certain goods and services. When does VAT registration...