Steven Hall traded as a self-employed hairdresser and had been VAT registered until October 2011, when he deregistered as he began trading below the ...
Attention accountants and practice owners! VAT in the UK has always been one of the highest-risk areas but now it entered a new era, and it’s far less ...
Increased tax compliance measures have yielded £11.4bn in unpaid tax as investigations into rich people and mid-size businesses grew. The sum came as HM Revenue and Customs (HMRC) opened 23% more ...
At the beginning of the year, HMRC implemented a new penalties system for late VAT submissions and payments. The new points-based penalty system is arguably more lenient and better targets repeat ...
Contracts or finance applications that reference VAT numbers. It’s likely that you store these kinds of documents carefully in one place, so it should be easy enough to find the missing information.
UK supermarket chain Morrisons faces a £17mn bill after it lost a long-running court battle to prevent value added tax being charged on its rotisserie chickens. The UK high court determined that the ...
Only 4% of UK businesses have registered for Making Tax Digital, the government's new initiative to digitalise the tax return process, leaving more than 1m yet to sign up as the deadline to do so ...
There is a VAT threshold for every small business that is set by HMRC and can vary. Once taxable income exceeds the value set for any given financial year, businesses must register for VAT. Failure to ...
Opinion
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We read the novel-length Morrisons rotisserie chicken judgment and all we feel is pain
Much of the judgment’s closing section centres on whether Morrisons had been officially told that the CDRC arrangement was fine: the judge concludes they never were, and when HMRC launched a review of ...
Morrisons is facing a substantial £17 million tax demand from HMRC, stemming from a dispute over the type of paper bags used ...
It happens sometimes: your business is owed a VAT repayment, but delays in receiving the money from HMRC occur for some reason. How does this happen, and what should you do? This guide will cover when ...
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