Category Archives: Vat Registration

Company Formation Trend Predictions 2016 – Part 2

In the first part of our 2016 company formation predictions we discussed how tax changes may lead to a decrease in the number of contract and agency workers forming limited companies. Another tax change is responsible for our second prediction for UK company formations in 2016. A series of changes announced over the last year […]

EU VAT Rule Change Creates a VAT Mess For Micro-Businesses

The internet has made it incredibly easy for lots of entrepreneurs and startups to find customers and build a business. Now lots of micro-businesses and solo entrepreneurs who sell online are worried that a new EU VAT rule will mean the end of their business. In the UK, businesses aren’t currently required to register for […]

HMRC Changes to the VAT Registration Process

HM Revenue and Customs have recently made some changes to the way VAT applications are made. In the past there was a single online form which anyone could use to submit a VAT application. The new system adds an extra step which slows the process down considerably. Applying for VAT Yourself The first step in […]

Why your business should not wait to register for VAT

Registering for VAT means that you become an unpaid tax collector on behalf of Her Majesty’s Revenue and Customs (HMRC). Once registered you have to give 20% of the price of any VATable goods or services you sell direct to the government. If you don’t register you get to keep this 20%. So why would […]

Selling on eBay? You may need an accountant.

Her Majesty’s Revenue and Customs (HMRC) have recently launched a new e-marketplaces campaign targeting people trading on sites such as eBay and Facebook Marketplace. While many online marketplaces including eBay and Amazon will sort out most of the VAT due on sales, HMRC are concerned that some VAT, National Insurance and other taxes may be […]

VAT Rise Causing Hike in Inflation?

According to the BBC (Inflation expected to exceed 3%), the return to 17.5% VAT has had an effect on inflation. Inflation has apparently risen over recent months and analysts think that it might well increase further to 3.5%. It’s not all bad news though as the experts predict a drop back to more appropriate levels […]