Paying your deferred VAT
VATBusinesses who deferred their VAT payment which was due to be paid between 20 March and 30 June now have 3 options for payment.
Businesses who deferred their VAT payment which was due to be paid between 20 March and 30 June now have 3 options for payment.
Becoming VAT registered can be a little daunting for those new to business. It means keeping your accounts records organised and and up to date and ensuring that you have VAT receipts for all the business expenses you want to claim back VAT on.…
During the current crisis HMRC has allowed VAT registered businesses to defer paying their VAT liability for the period between 20 March and 30 June 2020. This deferment applied to VAT periods ending 29 February, 31 March and 30 April where pay…
There are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know.
The VAT Flat Rate scheme is available to businesses with turnover up to £150,000 per annum. It is advantageous to small businesses as the VAT payable to HMRC is calculated as a percentage of gross sales rather than 20% of net sales less 20&…