Pre-registration expenses for VAT are a specific set of expenses you can claim within a certain time period of registering your business. There is some
Following the 2021 Budget, HMRC announced significant reforms to the late filing penalty regime for Self-Assessment tax returns. The HMRC penalty regime is designed to target
Creative Takeaways Here’s the official explanation from HMRC: 1. Who has to pay corporation tax? Corporation tax isn’t just for big companies. You’ll need to
Selling to EU from UK has changed quite a bit after Brexit. UK businesses are no longer part of the EU’s single market and customs
MTIC fraud (short for Missing Trader Intra-Community fraud) is a type of VAT fraud that happens when businesses exploit rules on cross-border trade within the
Taxable benefits are non-cash rewards or payments that have a value and are treated as part of your income. These can include: Taxable benefits exist
Changing from sole trader to limited company? It’s a big step, but if you’re already considering it, it might just be the right time for
VAT (Value Added Tax) is a tax you charge on goods and services if your business is registered in the UK. You must register for
Making Tax Digital (MTD) is a new way to report income to HMRC, it isn’t just for big companies – it affects a wide mix
Making Tax Digital comes with a lot of unfamiliar terms. This Making Tax Digital jargon buster explains every phrase in simple language, so you can
