As a responsible business, ensuring accurate information is submitted to HMRC is crucial. Mistakes or intentional misrepresentation can trigger HMRC investigations, which understandably cause concern. While HMRC checks may create…

VAT fraud presents a substantial challenge within the UK’s taxation ecosystem, as a range of intricate schemes exploit vulnerabilities inherent to the Value Added Tax structure. These fraudulent activities not…

In the dynamic world of running a business, your perspective on value-added tax (VAT) undergoes a transformation. VAT not only influences your company’s accounting and cash flow but also introduces…

Should I charge VAT if you’re not VAT-registered? First and foremost, it’s essential to understand that you shouldn’t impose VAT if your enterprise isn’t VAT-registered. Nonetheless, businesses that are VAT-registered…

Late VAT payments can have significant consequences for businesses and individuals alike. When VAT payments are not made on time, authorities often impose surcharges as penalties. These surcharges are additional…

VAT is a tax added to products and services that are sold by VAT-registered businesses, but what happens if you can’ pay your VAT bill? Many businesses struggle to pay the…

HMRC will introduce its delayed “Construction Industry reverse VAT charge” which will affect sub-contractors who supply their services to other contractors within the sector. The measure was due to commence…