In late September, Andy Burnham announced a £210 million cash injection into high street regeneration to convert vacant, derelict buildings into cafes and community hubs.
While honesty boxes have long been a part of British culture, little sheds are popping up at the end of people’s front gardens that hold a mass of homemade cakes, brownies and sourdough bread.
HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would affect millions of UK businesses.
When Rachel Reeves announced a temporary reduction of VAT from 20 per cent to five per cent for family attractions and children’s dining over the school summer holidays, the response from the hospitality and leisure sectors was generally warm.
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
In the latest move in their Making Tax Digital (MTD) campaign, HM Revenue & Customs (HMRC) is removing paper VAT registration from 13 November 2023.
Knowing your charity’s obligations to HM Revenue & Customs (HMRC) is important, as you will have different requirements to standard businesses.
A roof replacement company has been hit with a £2.5 million tax bill after a ruling that the insulated roof panels it supplied did not qualify for a VAT-reduced rating.
It’s important to stay up to date with the latest regulations and requirements related to taxes, including Value Added Tax (VAT) to avoid penalties.
If you are running a business, handling VAT returns can be complex. You may have submitted returns with errors previously if you were unsure of what to do and could be at risk of further investigation or fines from HM Revenue & Customs (HMRC).
