What is a time to pay arrangement?

What is a time to pay arrangement?

Paying taxes are a necessary business expense for everyone, from limited companies to sole traders but it can be a drain on cash flow especially if it hasn’t been planned for. This is where time to pay comes in! With VAT, corporation tax, PAYE and income tax among...
How to repay deferred VAT due to COVID19

How to repay deferred VAT due to COVID19

Back at the beginning of the pandemic, the government offered a lifeline to VAT registered businesses that were worried for the future of their cash flow. They did this by creating the deferred VAT scheme – automatically deferring VAT payments for thousands of...
What happens to VAT after BREXIT?

What happens to VAT after BREXIT?

BREXIT has been a hot topic ever since we voted to leave the EU, and even more so in 2020 as the government grappled with a trying to agree a deal with the EU. But what does this mean for VAT? We’ve all been fairly comfortable with how to account for VAT with the EU...
The Impact of VAT on Small Businesses

The Impact of VAT on Small Businesses

VAT is one of the key tax considerations for businesses of every size. Whether you’re just starting out or already established, you need to understand the impact of VAT on your business. VAT, or value added tax, is a consumption tax levied in the UK and elsewhere. The...