Import VAT at 20% applies to goods entering the UK from the EU on consignments over £135, but VAT-registered businesses can use Postponed VAT Accounting
Employment Allowance lets eligible employers reduce their Employer’s NI bill by up to £10,500 each tax year. Key Takeaways Previously, employers could only claim if
Under MTD’s points-based system, missing four quarterly VAT deadlines triggers a £200 fine, and every late submission after that adds another £200, on top of
MTD for partnerships is HMRC’s initiative to simplify how partnerships report income tax. Under Making Tax Digital, partnerships will be required to digitally record and
If you’re unsure whether MTD applies to you, check HMRC’s eligibility tool or speak to your accountant. Here’s everything you need to know about Maxing
Postponed VAT accounting (PVA) lets you handle import VAT through your VAT return instead of paying it at customs. You declare and immediately recover import
Key Takeaways You don’t have to wait until the deadline! You can verify your identity for Companies House now. Check how Companies House explains this
A free trade agreement (FTA) is a deal between countries to make trading with each other simpler. By cutting taxes (tariffs), limits (quotas), and other
If your business is under the VAT threshold, you might be wondering if it’s worth registering anyway. The truth is, being VAT registered has some
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
