If you are intent on growing your business at some stage you will have to become VAT registered. It is surprising how many people don't want to grow their business because they are concerned that becoming VAT registered will be complicated.
If you are treating your staff to a Christmas party you should be aware of what is allowable and what is not according to HMRC.
From 5 October 2015 large retailers must charge at least 5p for one-use carrier bags. A large retailer is a business with over 250 employees based in one or more branches. Smaller businesses can voluntarily charge for carrier bags.
VAT MOSS, otherwise known as VAT Mini One Stop Shop, is HMRCs online service for declaring VAT on sales to consumers in EUR countries (B2C but not to VAT registered businesses).
From 1st January 2015 all businesses supplyi…
HMRC have increased the threshold for VAT registration for 2015-16. You must register your business for VAT if you will reach this new threshold over a 12 month period.