Articles / News
VAT Return, Tax Return – What is the Difference and Some Pointers from the Experts
Starting a business is not an easy task as apart from learning ropes o...
August 06, 2021
On 12 November 2020, HMRC launched a consultation document to analyse how the systems placed for Making Tax Digital (MTD) and already publicly in use for VAT could be implemented for Corporation Ta...
February 01, 2021
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Many tax rules and regulations between the UK and EU will undergo drastic changes or will no longer be applicable when the UK leaves the EU VAT regime and Customs Union on 31st December 2020. ...
January 29, 2021
The transition period is over and now from this month, we need to follow the new rules for VAT. While most VAT rules and procedures remain the same as before there are a few changes one must know i...
January 13, 2021
Do you charge your customers compensation to withdraw from agreements to supply goods or services? If yes you may have a question - Are charges to withdraw from agreements to receive goods or...
December 05, 2020
The United Kingdom left the European Union on January 31st, 2020. Both the parties agreed to a transition phase, which shall be in force until 31st December 2020. During this transition phase, the ...
December 01, 2020
The UK government has had to face the consequences of the coronavirus pandemic at multiple levels. From furlough to bounce back loans to stamp duties "holiday" and VAT cuts to the hospitality secto...
October 24, 2020
What is Making Tax Digital (MTD)?
With effect from 1st April 2019, VAT-registered businesses whose taxable turnover is above the VAT registration thres...
September 04, 2020
August 25, 2020
A retail business is the one that sells directly to the public and so it may find it difficult to issue a VAT invoice for each sale. Such examples are for small convenience stores where many transa...
July 03, 2020