HMRC has opened a consultation that could change how VAT-registered businesses and employers pay their tax bills. The proposal: make Direct Debit the mandatory payment method for VAT and PAYE return … [Read more...] about HMRC Wants VAT and PAYE Paid by Direct Debit — Consultation Open Until 16 August
VAT
The VAT Flat Rate Scheme: Could It Save Your Business Money?
Once you’re VAT registered, you’ll need to decide how to account for VAT. For many small businesses, the VAT Flat Rate Scheme (FRS) can significantly reduce the time spent on VAT … [Read more...] about The VAT Flat Rate Scheme: Could It Save Your Business Money?
Do I Need to Register for VAT?
VAT registration is one of those topics that confuses a lot of sole traders and small business owners. When do you have to register? Is it ever worth registering voluntarily? And what happens if you … [Read more...] about Do I Need to Register for VAT?