The new penalty regime for late payment of VAT is fairer to those who miss the VAT payment deadline by a few days. For Vat due in relation to periods beginning on and after 1 January 2023 you will have… Read more
VAT registered businesses must now use MTD-compatible software to file VAT returns, as the old online form where you typed in your VAT figures has been closed. To encourage businesses to file on time under the MTD regime the late… Read more
Electronic sales suppression (ESS) is the use of software or hardware tools to manipulate the sales recorded by an electronic point of sale (EPOS) device, such as a shop till. Traders may think that HMRC won‘t find out about the… Read more
There is a very limited range of expenses that employees can claim, but these can include the flat rate deduction (£6 per week) for working from home, if you are required to work from home, have no alternative place to… Read more
When a company makes a loss after 1 April 2017, those losses can be set off in a far more flexible fashion than earlier losses, for example, trading losses may be used against property income. This means that the losses… Read more
