Value Added Tax (VAT) is a rate of tax that is added to the sale of goods and services within the United Kingdom. The…
Your business must register for VAT if your taxable turnover exceed the threshold within any consecutive 12-month period (irrespective of your accounting…
Under ‘normal’ circumstances, VAT registered businesses submit their VAT returns to HMRC quarterly. The annual accounting scheme allows you to complete just one VAT…
The Flat Rate VAT Scheme is a way of paying your VAT liability whereby you or your business pays a fixed percentage…
Making Tax Digital (MTD) is an initiative started by HMRC initially for VAT submissions (as of 01/04/2019) & is intended to be…
The Domestic Reverse Charge of VAT is a scheme introduced by HMRC (commencing date 01/10/2020) for any company or individual that is…
This is a rather complex question and many variables comes into play, such as if your are on a Flat Rate Scheme, or if…
You would need to de-register from VAT if your Limited Company goes into administration, gets de-registered, or goes dormant. You would also…
