Are you MTD for VAT ready?
VATIf you have just submitted, or are about to submit, your VAT return for the period January to March 2022 manually through the Government Gateway this will be the last one you will be able to submit in this way.
If you have just submitted, or are about to submit, your VAT return for the period January to March 2022 manually through the Government Gateway this will be the last one you will be able to submit in this way.
An increasing number of businesses are using proforma invoices to obtain payment from their customers in advance of supplying goods. Why do they do this and what is the difference between a proforma and an invoice?
With a reduced rate of VAT of 5% then 12.5% from 1st October 2021, the hospitality, tourism and food industries were given a bit of a lifeline to help them recover from the closure of many businesses through the pandemic.
Bookkeeping, keeping financial records organised and up to date, is a vital part of any growing and successful business.
As a business owner you are responsible for keeping track of your turnover every month if you are getting close to the VAT registration threshold as you must register within 30 days of reaching the current threshold ....