What to do while waiting for your VAT registration number
You’re probably reading this blog wondering why on earth HMRC are taking so long to send your VAT registration number. You’re not alone! It’s a problem that frustrates a lot of business owners. Recently HMRC have been much slower than they used to be. Unfortunately,...
Changes to the way you file your VAT return
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...
VAT penalties are changing from 2023
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...
Do I need a Xero health check?
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...
What are Digital Links for MTD?
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...Follow Starfish Accounting
