Some businesses may request a payment in advance for goods or services.If you are VAT registered it is important to know when you can claim back VAT on an advance payment. This is generally determined by the tax point which is either the date of the …
When you become VAT registered there are several things you should be aware of.
When you registered to become VAT registered you will have the option to choose the Flat Rate Scheme. It is worth considering whether this is a suitable scheme for your business because their are benefits to using it in your first year of VAT registr…
If you are VAT registered you may not know that there are different ways to report your VAT to HMRC. It is worth understanding each of the schemes
HMRC have announced a change to the penalties for submitting or paying a VAT return late. This will take effect from the first VAT period after 1 January 2023. Importantly these changes will also be applied to
