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You are currently browsing the archives for the VAT category.
HM Revenue & Customs (HMRC) is under relentless pressure to raise money for the government from increased tax receipts. Inevitably that means more tax and VAT investigations. In 2018-19 HMRC collected £34.1 billion through compliance activity. How is HMRC collecting more money? HMRC’s Connect System is an £80m investment programme and now contains over 22bn[…] Read more »
Changes to the VAT flat rate scheme Newsletter issue – January 2017. In a surprise announcement in the 2016 Autumn Statement, the Chancellor announced that changes are to be made to the existing flat rate scheme for VAT (FRS) in order to tackle perceived ‘aggressive abuse’. The changes, which will take effect from 1 April 2017,[…] Read more »
Getting your finances into Summer shape It may still be spring but Summer is approaching quickly and it’s time to kick up the intensity in your workouts so you can look great at the beach or just walking around town. Here are my top tax tips for getting your finances in the best[…] Read more »
Make money from the VAT man! I am sure the title has caught your attention and, no it isn’t a typo, there really is a way that you can be better off by being VAT registered. Any business that has sales of over £81,000 (increasing to £82,000 on 1st April 2015) in a 12 month[…] Read more »
