On 1 January 2023, HMRC introduced a new penalty regime for VAT. The new regime aims to simplify and strengthen the penalties for late submission and payment of VAT returns, as well as late [...]

Finding the cash to settle your taxes can sometimes be tricky. With all the will in the world, the VAT you’ve been collecting on behalf of HMRC for the last three months just isn’t sat in your [...]

Understanding Tax-Free Mileage Rates Claiming mileage for travelling you do in your job is a fairly normal thing to do. Most employers pay their employees the full tax-free amount per mile, which [...]

Your business may not have reached the threshold for VAT (Value Added Tax) on goods and services just yet. However, could your business benefit from registering for VAT early? If so, what’s the [...]