If you miss a deadline with MTD, Making Tax Digital penalties are triggered fast. In these terms, HMRC isn’t really forgiving. For every late submission,
Some of the most often asked questions around Value Added Tax are: Here we explain the thresholds which would require your business to legally register
How and when to report your dividends in tax return? Many limited company directors get confused when dividend income seems to fall across two different
A business is required to register for VAT, if they match one of the compulsory registration criteria. It is also possible to register with turnover
The UK tax year for 2025/2026 runs from 6 April 2025 to 5 April 2026. If you’re self-employed or running a creative business, this is
So, you’re looking into different allowances and government schemes, and you run into employment allowance. What is employment allowance? In simple terms: Employment Allowance is
Like anything, you normally only look at the bottom line. How much does the dreaded Taxman want from me this time? But have you ever
Reverse Charge VAT is a tax rule that shifts the responsibility of reporting VAT from the supplier to the buyer. When a business sells goods
Cryptocurrency is a fast-moving and complicated landscape. Although still fairly new there are rules and regulations beginning to be published, and HMRC will seek to
The launch of a social care levy from 2022 will see all taxpayers facing a 1.25% tax charge under government plans, while dividend tax will
