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Taxfile > VAT & MTD
11 Oct

Value Added Tax (VAT) is a rate of tax that is added to the sale of goods and services within the United Kingdom.  The…

11 Oct

Your business must register for VAT if your taxable turnover exceed the threshold within any consecutive 12-month period (irrespective of your accounting…

11 Oct

Under ‘normal’ circumstances, VAT registered businesses submit their VAT returns to HMRC quarterly.  The annual accounting scheme allows you to complete just one VAT…

11 Oct

The Flat Rate VAT Scheme is a way of paying your VAT liability whereby you or your business pays a fixed percentage…

11 Oct

Making Tax Digital (MTD) is an initiative started by HMRC initially for VAT submissions (as of 01/04/2019) & is intended to be…

11 Oct

The Domestic Reverse Charge of VAT is a scheme introduced by HMRC (commencing date 01/10/2020) for any company or individual that is…

11 Oct

This is a rather complex question and many variables comes into play, such as if your are on a Flat Rate Scheme, or if…

11 Oct

You would need to de-register from VAT if your Limited Company goes into administration, gets de-registered, or goes dormant.  You would also…