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Option to Tax: Waiving the VAT Exemption on Land Or Property

Renting out or selling commercial property or land is usually automatically exempt from VAT, but you may be able to waive this…

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A Guide to Late Submission Penalties for Making Tax Digital for VAT

Now that Making Tax Digital (MTD) for VAT is in full effect for VAT registered business, HMRC are planning to introduce changes…

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Corporation Tax Relief for Creative Industries Companies

The UK’s economy depends on innovation, which is why some businesses can claim tax relief if they work in the creative sector….

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What Happens if I Pay Tax in Two Countries?

With the world shrinking and more people becoming global citizens, it is easy to find yourself paying tax in more than one…

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Do I Need to Pay Tax on My Hobby Side Business?

What if you could make money from your hobby? Good news! Plenty of businesses and side projects are born out of simple…

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Who Pays the Bill if HMRC Make a Mistake?

Whether you’re a sole trader, limited company, or payroll co-ordinator, even the smallest mistake can have big consequences with HMRC. We all…

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