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Getting making tax Digital Ready

3 Point Checklist to Getting Your Small Business Making Tax Digital...

As we fast approach the deadline Making Tax Digital on 1 April 2019, it's time to turn your attention to getting your small...
When to Submit your First Making Tax Digital VAT Return

When to Submit your First Making Tax Digital VAT Return

Making Tax Digital affects all VAT registered businesses from 1 April 2019.  However when you need to file your first VAT Return...
HMRC Making Tax Digital

The Dos and Don’ts of HMRC Making Tax Digital (MTD)

HMRC Making Tax Digital (MTD) comes into effect from 6 April 2019 for VAT registered business only. If that's you, then here's...

Should I Register my Business for VAT?

Businesses are responsible for collecting VAT from end consumers on behalf of the government - they collect VAT from their customers then...
Is there VAT on Rent Deposits

Is there VAT on Rent Deposits?

Generally only commercial landlords have to consider the question of VAT on rent deposits. Residential landlords are outside the scope of VAT and so...

Can I File a Nil VAT Return

You can file a Nil VAT Return only in certain circumstances.  These are where: Your Business made no sales Your Business made no purchases Even...

Do I Add VAT to a Customers Late Payment Charge

If you impose a late payment charge or interest onto a customer or client who has not paid then you do not pay VAT...

A Guide to Going from Non VAT Registered to VAT Registered

Congratulations your business growing!  But although going from Non VAT Registered to VAT Registered is a milestone for your business, it does bring with...

VAT Late Payments: Fines, Penalties & Interest

VAT Late Payments are not looked upon favourably by HMRC and be an indication of something more serious within a business such as a...

VAT Margin Scheme & Horses

If you are in the business of buying and selling second hand horses and are facing, or already are, VAT registered.  Then the second...