Valued Added Tax (VAT) is a tax applied to the sale or purchase of goods, services and other taxable supplies. If you are VAT registered, VAT is charged on your sales and collected on behalf of HMRC. You are able to offset the VAT on your purchases before paying the balance over to HMRC. If…
Q: Why did the accountant fall off his bed?A: They didn’t have a balance sheet. If they tell jokes as bad as that one perhaps you don’t want to pick up the phone very often at all. However, if they can chuckle at jokes like the one above maybe you enjoy your conversations. Often it…
All the good things and the bad things that may be… let’s talk about it Why? Because TODAY is the deadline day for VAT returns and payments of Accounting Quarter period ending 31st December 2021. Do you need to do anything NOW? If this is your first year of submitting a VAT Return you need…