Should I deregister for VAT if my business shrinks?
Over the next 12 months, many businesses will contract as economic pressures grow.
VAT
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How does VAT work for businesses?
Tax challenges are common for business owners as they look to ensure they are meeting their legal obligations.
Missed a tax deadline? Here’s what it might cost you
Tax deadlines can sneak up on even the most organised business owners, but if you are late filing or paying, the resulting penalties handed out by HM Revenue & Customs…
New interest hike means late tax payments now cost more
As of 6 April 2025, late tax payments are now subject to an 8.5 per cent interest rate, following an HMRC update that ties rates more closely to the Bank…
The rise of VAT fraud – How to spot and stop phishing scams
Cybercriminals are ramping up their efforts to deceive businesses, using increasingly sophisticated phishing scams to commit VAT fraud.
Get ready for Making Tax Digital for ITSA – Key changes ahead
The April 2026 rollout of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is fast approaching.