What to do when being VAT registered is killing your business
As small businesses begin to grow, there becomes a point where they must register for VAT. This means charging an additional percentage on top of the sale price of their […] more»
VAT
Why do we pay VAT? Here’s what you need to know
VAT, an abbreviation for Value Added Tax, is a tax that affects every single person in the UK. This is because it is added to most of the products and […] more»
Do I need to register my business and how do I do it?
Starting a new business is an exciting time, and there’s a lot to think about, from what you’re going to call your business to how you’ll promote your products or […] more»
What taxes do small businesses pay?
Small businesses come in all shapes and sizes. In the UK alone, there are close to 6 million of them. There are sole traders, limited companies, and partnerships. But what […] more»
How to deregister for VAT in the UK?
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»
Should I charge my clients VAT?
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»
A VAT guide for UK businesses
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
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»
VAT deregistration – Everything you need to know
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»
Are you ready for the end of the MTD for VAT soft landing period?
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»
