Mitigating and Avoiding VAT Penalties

How to Avoid VAT Penalties

HMRC have become increasingly aggressive in their approach to applying penalties to VAT mistakes. So it makes sense to focus on this question of how to avoid VAT penalties or at least keeping them to an absolute minimum. A key […]

Happy 30th Birthday to us!!!

I never imagined I’d ever be typing ‘Happy 30th Birthday to us’.  Where did the time go?  It has made me reflect on what we have achieved in all that time and I can’t help being hugely proud of us. […]

Penalties for late returns and payments

Penalties for late VAT returns and payments The UK VAT penalty regime was overhauled for VAT returns periods starting on or after 01 January 2023.  Instead of being based purely on due dates, the new system is points based as […]

What is Postponed VAT Accounting?

Following Brexit, Postponed VAT Accounting (‘PVA’) was introduced in the UK and since January 2021 has been a great help to importers .  It is a really useful simplification and valuable aid to cash-flow.  This summary aims to explain what […]

How to claim VAT on Bad Debts

How to claim VAT on Bad Debts

A supplier can suffer twice where a customer does not pay their invoice – once for not being paid for the supply and second where the supplier has had to pay the VAT charge over to HMRC but not received […]

How to get time to pay UK VAT

How to get Time to Pay UK VAT?

If you can’t pay the VAT you owe on time, you should try to not delay in contacting HMRC to ask for a ‘Time to Pay Arrangement’ (TTP).  How to get Time to Pay UK VAT? Handled in the right […]