Our insights
UK VAT: Key Deadlines
Value Added Tax (VAT) is a significant source of revenue for the United Kingdom's government, accounting for a substantial portion of its tax income. VAT is levied on the value added to goods and services at each stage of production or distribution. For businesses operating in the UK, adhering to VAT deadlines is crucial to ensure accurate reporting and timely payments.
The Impacts of Making Tax Digital on Small Businesses
Making Tax Digital (MTD) is reshaping how small businesses handle taxes. With digital record-keeping and quarterly reporting, businesses face initial challenges, but gain benefits like improved accuracy and compliance. By embracing digital tools, small businesses can navigate the digital tax landscape and thrive.
Want updates?
To stay up-to-date with our latest news and insights, follow us on social media.