VAT pitfalls and windfalls
Should your business register for Vat? It has long been necessary for businesses to keep a careful eye on the level of their sales (unless their supplies are exempt from VAT) as breaching the VAT threshold, currently £85,000, would require them to register within a month of the breach. However, our experience is that many […]
Making Tax Digital – where are we after five days
Just over nine months to go before the proposed implementation of Making Tax Digital, the UK’s most ambitious tax administration change Five days after the election, no Queens speech, and the Queen still doesn’t have a confirmed date to meet with Theresa May in her diary. The Making Tax Digital timescale is as hung as […]