Should I register for VAT?

A screen shot of the gov uk website showing legal conditions to register for VAT.

Business owners ask us Accountants a lot of questions about VAT; here are some of the common ones and some general guidance. Value Added Tax (VAT) is a tax imposed by the UK government on the sale of goods and services. If your business has a turnover of more than £85,000 in a 12-month period,…

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MTD Has Changed VAT Return Filing – Act Now to Avoid Penalties

Hm revenue & customs sign on a building indicating VAT Return Filing procedures and potential penalties for non-compliance.

On 1st November, HMRC closed their old system for quarterly and monthly VAT return submission. Instead, businesses must now file these returns through Making Tax Digital (MTD) compatible software, unless they’re exempt. We can file for you, or, if you haven’t yet chosen a compatible software package, we offer discounted software licences to clients, from…

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