Ah, the age old question! As business accountants, this question pops up every day, mainly because VAT can be a difficult tax to understand. It’s yet another finance subject not …
VAT Flat Scheme Explained (Basics)!
If you are VAT registered and looking for either: An easier life with your VAT obligations AND/OR A potentially cheaper way to deal with VAT This article is for you! …
Top 5 VAT Mistakes
As business accountants we review and submit many VAT returns for clients who do their own book-keeping. Book-keeping tends to be a misunderstood task that actually involves a lot of …
Can I split up my business to avoid registering for VAT?
If your sales are approaching £85,000 in the last 12 months, then you are also approaching the threshold where you must register for VAT. You might have decided you do …
How to defer your VAT from Lockdown 1.0
During Lockdown 1.0, business owners had the option to delay (defer) paying their VAT bill for VAT payments due between 20th March 2020 and 30th June 2020. For most businesses, …