Everything you need to know about VAT
Value Added Tax (VAT) impacts how businesses price their products and services, manage their cash flow, and comply with legal obligations.
Value Added Tax
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VAT tips for small businesses
Keeping on top of your VAT responsibilities as a small business can be difficult.
How do VAT schemes work?
It is compulsory for businesses to register for VAT if your taxable turnover for the previous 12 months is over £85,000. There are several VAT schemes that aim to simplify…
Small businesses: When do you need to register for VAT?
It is compulsory for your business to register for VAT if your taxable turnover for 12 successive months surpasses the VAT registration threshold.
HMRC’s online VAT return set to close on 1 November
From 1 November 2022, VAT-registered businesses will have no choice but to use Making Tax Digital (MTD) compatible software to file their VAT returns, unless they have a digital exclusion…