Top Tips for Successfully Navigating the UK Tax Season
Welcome to the whirlwind of the UK Tax season! It’s that time of year again when we dive headfirst into a sea of paperwork, calculations, and deadlines. But fear not! With a bit of preparation and some helpful tips, navigating the complex world of taxes can be a breeze. Whether you’re familiar with Tax Returns, […]
Demystifying VAT: Breakdown of VAT rates in the UK
VAT, or Value Added Tax, is a consumption tax levied on goods and services at each stage of production and distribution. It is borne by the end consumer but collected and remitted by businesses to the government. The tax is calculated based on the value added at each stage, making it a fairer and more […]
UK Masses Are Facing Delays In MTD VAT Registration
Making Tax Digital for VAT has always been under criticism for delays in VAT registration & check procedures. After Covid-19 and the EU transition, VAT registration takes more than 60 working days. One of the main reasons for the delay in VAT registration is the massive volume of online applications. Additionally, the second biggest reason […]