Category Archive VAT and MTD

The most common VAT filing mistakes – and why MTD is the solution!

April 30, 2024 Comments Off on The most common VAT filing mistakes – and why MTD is the solution! By Joshua Leigh & Co

If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months.

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New VAT penalty regime – What do you need to know?

November 4, 2022 Comments Off on New VAT penalty regime – What do you need to know? By Joshua Leigh & Co

HMRC is launching a new penalty regime where VAT returns are submitted late or VAT is not paid on time.

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Penalties for businesses failing to comply with Making Tax Digital

August 26, 2022 Comments Off on Penalties for businesses failing to comply with Making Tax Digital By Joshua Leigh & Co

Are you signed up to Making Tax Digital for VAT? Failure to do so will result in penalties from 1 November 2022, HRMC has confirmed.

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