Category Business

VAT invoice and accounting controls

VAT-registered businesses who use invoice accounting generally account for VAT when invoices are issued and received. HMRC have recently published new Guidelines for Compliance which set out their recommended approach to the compliance process to ensure that VAT is accurately…

MTD Latest Update

Nearly ten years ago in March 2015 the then-Chancellor George Osborne announced a government initiative setting out a vision for the ‘end of the tax return’ and a ‘transformed tax system’ under the title of ‘Making Tax Digital’ (MTD). The…

Autumn Budget 2024

This Summary covers the key tax changes announced in the Chancellor’s speech we’ve included tables of the main rates and allowances. We recommend that you review your financial plans regularly as some aspects of the Budget will not be implemented…