The deadline to pay deferred VAT or arrange a payment plan is “fast approaching”, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned. Businesses who deferred VAT in the wake of the coronavirus pandemic must take action before 30 June 2021 or risk penalties. If your company has outstanding VAT liabilities, here’s […]
Register for Making Tax Digital for VAT or risk penalties, HMRC warns
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.
How using technology can make your business more profitable and leave you with less work
Running a business has its challenges, especially when there is a lot of work to do and obligations to adhere to. However, using technology can make your business more profitable and leave you with less work to worry about.
How will the EU’s Import One-Stop Shop impact traders in the UK?
The Import One-Stop Shop (IOSS) is set to come into force this summer under sweeping changes to EU VAT law. If your business supplies goods to consumers in the single market, this is what you need to know. What is the Import One-Stop Shop? The IOSS is a new electronic portal that can be used […]
Video Games Tax Relief: What you need to know
By Steven Sandford, Director at Davis Grant The UK tech industry is booming, contributing more than £184 billion a year to the economy. Although the sector is often discussed as a whole, there are a number of distinctive industries within tech, which often benefit from their own grants and reliefs.
Recruitment agencies must take care of their use of umbrella companies
By Ben Chernoff, Director at Davis Grant Employment organisations and tax experts are issuing warnings over the use of so-called ‘mini-umbrella’ companies, which have been linked to fraudulent tax activities and the abuse of workers’ rights.