The UK tax system is changing, with the introduction of Making Tax Digital (MTD). Find information about how MTD affects you and your business, what you need to do to comply, and when.
Value Added Tax (VAT) can seem daunting, but once you get the hang of the process it becomes much more manageable. Whether youβre a seasoned business owner or a newbie to the world of commerce, understanding how to make a VAT submission is really important. Let’s take a look at how you can handle VAT…
Your unique VAT number is shown on the registration certificate which HMRC issue when your business becomes VAT registered. You can also view it by signing into your online tax account (or asking your accountant). What does my VAT reference number look like? If you have a UK VAT number it will be 9 digits…
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…
