VAT deregistration is an important task to address as it must be actioned within 30 days if you stop being eligible, or you may be charged a penalty. As a […] more»

VAT (Value added tax) is a consumption tax paid by the end customer. It can be complex and time-consuming, with penalties if you get it wrong. Obligatory registration for VAT […] more»

VAT is added to the cost of pretty much everything you can buy in the UK. If you run a business, you may be required to register for and collect VAT on behalf of the Government. Find out how it works in this quick guide. more»

Software for Making Tax Digital is designed to make keeping your books easier. The HMRC initiative requires that companies keep digital records and submit VAT returns digitally, using HMRC recognised software. We've summarised six of the best options for small businesses, freelancers and contractors. more»

According to government figures, the ?85,000 threshold means around 3.55 million small businesses avoid having to be VAT registered. Businesses that are registered for VAT can apply for VAT deregistration, if their annual turnover falls below the threshold. more»

The HMRC soft landing period was designed to ease the transition to Making Tax Digital (MTD) compliance for UK VAT registered businesses. However, plenty of businesses have still not set […] more»

A London grocer who used fake companies to claim almost ?120,000 in VAT repayments has been sentenced by HMRC. more»

A pair of London-based brothers have been jailed for more than 12 years after evading ?3.6m in tax by distributing smuggled alcohol. more»

A clothing wholesaler from Rochdale has been sentenced by HMRC after forging documents to steal almost ?120,000 in VAT repayments. more»

HMRC has failed to inform 100,000 micro business owners how a no deal Brexit could change the way they trade, according to a committee of MPs.? more»