VAT

Registering For Making Tax Digital For VAT

The moment has come: if your business has a taxable turnover above the VAT-registration threshold, which is currently £85,000, you're now obliged to keep records in digital form and file your VAT returns using HMRC-approved software. If you prepare and [...]

2019-04-01T10:35:46+01:00April 1st, 2019|VAT|

De-registering for VAT

If your business turnover is predicted to fall below £83,000 over the next year, it can voluntarily de-register for VAT. You will also need to consider how assets, stock and post de-registration expenses should be treated. Read our guide here [...]

2018-11-06T12:52:38+01:00November 6th, 2018|VAT|

VAT and three-party transactions

VAT can get very complicated when there are three parties involved in a transaction. This may happen when one party is arranging the supply of goods or services in return for a commission, but it can also occur in other [...]

2017-11-22T11:05:56+01:00October 1st, 2017|VAT|