VAT

This article is to help you understand MTD and what you may, or may not need to do. There is quite a lot of information to take in, but with a change this big we need to be as comprehensive as [...]

With many Freelancers switching to the cash accounting VAT scheme following updates to the flat rate scheme in April 2017, it’s a good idea to check the purchase receipts you collect are valid [...]

VAT Cash Accounting Explained The Chancellor announced in the Autumn Statement changes to the VAT Flat Rate scheme, so it might be time to consider the Cash Accounting VAT scheme for your [...]

Flat Rate VAT Changes Explained Possibly the most important change the Chancellor announced in the Autumn Statement are changes to the VAT Flat Rate scheme. So, what does this mean for you as a [...]

Under the Flat Rate VAT Scheme, the VAT process is simplified to help ease the administration of accounting for VAT for small businesses. The VAT payable to HMRC is based on a percentage specific [...]