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
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
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
HMRC only allows Making Tax Digital exemptions if you meet one of three strict criteria: If you don’t fall into one of these categories, HMRC
A business is required to register for VAT, if they match one of the compulsory registration criteria. It is also possible to register with turnover
Reverse Charge VAT is a tax rule that shifts the responsibility of reporting VAT from the supplier to the buyer. When a business sells goods
Cryptocurrency is a fast-moving and complicated landscape. Although still fairly new there are rules and regulations beginning to be published, and HMRC will seek to
The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will
