The new VAT Penalty Regime – January 2023
HMRC are introducing a new penalty regime with effect from 1st January 2023. Under the new regime, there will be separate penalties…
Jeremy Hunt’s Autumn statement – 2022
In his opening remarks, Jeremy Hunt said his priorities are stability, growth and public services. Stability – Stability is about reassuring the market….
Virtual Finance Office – How we support you
Virtual Finance Office – How we support you Running any business is hard enough isn’t it ? There’s the financial records to…
Setting up your business foundations
Setting up your business foundations To trade as a business, you need to meet the right compliance requirements. It’s certainly not the…
Back to Basics: Registering for Value-Added Tax (VAT)
Back to Basics: Registering for Value-Added Tax (VAT) When first setting up your business, there are multiple decisions to make – and…
Back to Tax Basics: How does VAT work?
Back to Tax Basics: How does VAT work? Value-added tax (VAT) is a consumption tax that’s levied on goods that have had…
Handling EU VAT on exports
Handling EU VAT on exports If you export goods and services to the European Union (EU), there are changes coming that will…
Getting ready for the extension of Making Tax Digital
Getting ready for the extension of Making Tax Digital **UPDATE – On 23rd September 2021 the government announced that they have decided…
Budget 2021
Budget 2021 So today (3rd March 2021) the Chancellor has released his 2021 budget. Here are the details as announced so far…
Domestic Reverse Charge – Construction Industry
Back in 2019 before any of us had heard of Covid, HMRC announced that they were introducing the Domestic Reverse Charge for…