First and foremost: know your dates. A financial year will run between 6th April [year] and 5th April [following year], and any income earned in that time should be included. When you were paid ...

This handy checklist will give you the lowdown on how to comply with HMRC’s rollout of Making Tax Digital (MTD) for VAT. Making Tax Digital (MTD) for VAT is new HMRC legislation that forms part of a ...

Farm contractors or agri-businesses that usually pay VAT bills by direct debit should cancel them immediately if they want to defer their payment, say accountants. There is an option to defer ...

It happens sometimes: your business is owed a VAT repayment, but delays in receiving the money from HMRC occur for some reason. How does this happen, and what should you do? This guide will cover when ...