HMRC Reforms to VAT Return Late Submissions and Payments
March 28, 2023
All VAT-registered businesses need to be aware of how HMRC has changed how it deals with late returns and payments – in a move widely perceived as positive.Although late VAT returns and overdue payments related to periods before 1st January 2023 will still be handled accor...
The Countdown to MTD for VAT: Are You Ready?
January 14, 2022
While Making Tax Digital (MTD) has been postponed for income tax submissions, the 1st April 2022 deadline still applies for businesses registered for VAT.
The change means that even businesses with turnover beneath the registration point (£85,000) need to file according to ...
Making Tax Digital: Your Company Checklist
July 20, 2021
All UK businesses have doubtless heard of Making Tax Digital (MTD).
While MTD isn't mandatory for all VAT returns until April 2022, the SAS Accounting team regularly hears from clients concerned about the endless reminders and wanting to know what they can do to prepare!
The...
From 1st March 2021, a new VAT exemption is being introduced by HMRC. This rule applies to businesses in the construction and building sectors.
Firstly, this doesn't have any impact on the existing CIS scheme for contractor payment deductions.
Many construction businesses us...
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