VAT - Did you know .....
VATWhen you become VAT registered there are several things you should be aware of.
When you become VAT registered there are several things you should be aware of.
The adverts would have you believe that all you have to do is press a button and your software will do it all for you
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
Accounts software such as Xero, Quickbooks and Sage are keen to tell you in their adverts how easy doing your own bookkeeping is if you use their software. Just the press of a button will submit
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