VAT registration is mandatory once your taxable turnover hits £90,000. You have 30 days to register, or HMRC can backdate your liability to the date
Making Tax Digital (MTD) changes how businesses handle tax by requiring digital records and software-based submissions to HMRC. It replaces paper records, spreadsheets, and annual
Corporation Tax is due 9 months and 1 day after your accounting period ends. You’ll need your 17-character payment reference to make sure HMRC links
You can reclaim VAT on goods bought up to 4 years before registration and services bought up to 6 months before, but only if you
Selling to EU consumers from the UK now means customs declarations on every shipment, potential EU VAT registration once sales exceed €10,000, and import VAT
Selling to EU from UK has changed quite a bit after Brexit. Selling to EU consumers from the UK now means customs declarations on every
If you’re UK resident and earn income abroad, you must declare it to HMRC, but double taxation relief or a tax treaty will usually stop
Import VAT at 20% applies to goods entering the UK from the EU on consignments over £135, but VAT-registered businesses can use Postponed VAT Accounting
Employment Allowance lets eligible employers reduce their Employer’s NI bill by up to £10,500 each tax year. Key Takeaways Previously, employers could only claim if
Under MTD’s points-based system, missing four quarterly VAT deadlines triggers a £200 fine, and every late submission after that adds another £200, on top of
