Category: VAT

Do you need to notify HMRC?

I had to refer to HMRC’s ‘Penalties for failure to notify’ recently. It contains some useful information on what constitutes a failure, the penalties imposed and how these are calculated. One obvious problem with notifying HMRC is the ‘ignorance is…

Making TAX Digital – are you preparing?

HMRC is soon to introduce a fundamental shift in the way UK tax is administered.  Making Tax Digital will affect all but the smallest of businesses.  A structured, quarterly and digital process is to replace the current system in a…