by Emma Lawrence | 26th November 2022 | Making Tax Digital, VAT
We’re back with another MTD for VAT reminder! And this time it affects all VAT-registered businesses. Starting Tuesday 1 November 2022, all VAT-registered businesses must now sign up to Making Tax Digital (MTD) and use MTD-compatible software to keep...
by Juliet Wylie | 27th October 2022 | Limited company, Making Tax Digital, Sole trader, VAT
Alas, there are yet more changes to get your head around. HMRC have now decided to change VAT late submission penalties, late payment penalties, and VAT interest charges. As if we didn’t have enough to worry about in this period of flux and seemingly endless...
by Georgi Rollings | 1st June 2022 | Bookkeeping, Limited company, Sole trader, Start ups, VAT, Xero
You need to feel 100% confident in your business’ accounts. As the most popular cloud accounting software in the UK, you were expecting Xero to help you do that, but you’re not seeing all the magic you were promised. Instead of having better data, better processes and...
by Georgi Rollings | 16th August 2021 | Bookkeeping, Making Tax Digital, VAT, Xero
The requirements of Making Tax Digital (MTD) changed from 1 April 2021. It isn’t enough to just file your VAT return using software. Now you also have to worry about where your data comes from, and how it gets into your accounting records. So just what are...
by Andrea Thomas | 12th July 2021 | Limited company, Self assessment, Sole trader, Start ups, VAT
The Government Gateway is a central place where you can register to use online Government services. The User ID and password you receive as part of the sign-up process will enable you access many of HMRC’s digital services including your personal tax account. As best...
by Jennifer Grocott | 28th June 2021 | Limited company, Making Tax Digital, Sole trader, Start ups, Tips and Tricks, VAT
VAT can be a source of curiosity and confusion for business owners. Do you have to register for it or do you choose to? When is it necessary? And why? Is it a good thing? Though you can choose to voluntarily register for VAT at any time, there is a VAT registration...