

One Business or Two - Watch the VAT man
HMRC will look closely at businesses that are connected by common owners, especially if one or more of the businesses are not registered...
Paul Clifton
Dec 19, 20243 min read
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MTD4VAT: Digitalising a manual recordkeeping system
Question A client is compulsorily VAT registered and is using the cash accounting scheme. Their current system is not particularly...
Paul Clifton
May 14, 20192 min read
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Exemptions from Making Tax Digital for VAT
HMRC have finally confirmed when an exemption from Making Tax Digital for VAT (MTDfV) is given automatically and when you when you will...
Paul Clifton
May 9, 20192 min read
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MTD4VAT: No summaries are permitted when recording takings and purchases/expenses
Julie Green, a VAT expert for CronerTaxwise, who we used for tax consultancy and HMRC Fee Protection Scheme, provides some very honest...
Paul Clifton
Apr 24, 20193 min read
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MTD4VAT: What does HMRC say about recording your transactions and digital links?
HMRC’s VAT Notice on Making Tax Digital 700/22, sets out the digital record-keeping requirements in section 4.3. The HMRC recordkeeping...
Paul Clifton
Apr 12, 20194 min read
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MTD4VAT: Mandatory Making Tax Digital is now going live
Introduction H M Revenue & Customs (HMRC) says that Making Tax Digital (MTD) is a key part of the government’s plans to make it easier...
Paul Clifton
Apr 1, 20193 min read
44 views
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VAT: Recharges or disbursements passed to customers
The treatment of recharged expenses is a common cause of VAT errors. A disbursement is where you act on behalf of your client in...
Paul Clifton
Aug 31, 20182 min read
865 views
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Update on Making Tax Digital for VAT (July 2018)
Introduction Making Tax Digital (MTD) is the biggest change in tax administration in two decades i.e. since Self Assessment was...
Paul Clifton
Jul 26, 20184 min read
124 views
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VAT MTD - Big changes in submitting VAT returns
Changes are set for April 2019. Businesses with manual and Excel based systems and without the right software will be most affected. You...
Paul Clifton
Mar 15, 20184 min read
2,760 views
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New VAT rules from 1 April 2017 for the Flat Rate Scheme and Limited Cost Traders.
New rules are to be introduced from 1 April 2017 that will remove the VAT saving that many small businesses currently obtain through the...
Paul Clifton
Jan 31, 20177 min read
3,253 views
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