VAT penalties explained, navigating the changes

VAT penalties explained, navigating the changes

We get how you are feeling; as a business owner, you have probably been finding it challenging to keep up with all the tax changes that are happening at the minute. But, staying up to date with tax regulations is crucial to keep your company tax compliant and to avoid...
What is a HMRC time to pay arrangement?

What is a HMRC 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 an HMRC time to pay arrangement comes in! With VAT, corporation tax, PAYE and...
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...