The Flat Rate Scheme (FRS) & Online Marketplaces
Whilst the changes to the way VAT is collected on sales for sellers on online marketplaces has been met with mostly positive reviews, one area of contention has been how the Flat Rate Scheme fits in to this. We have received many questions such as: As an overseas...
VAT Returns: More Penalties For Failing To Use MTD
Making Tax Digital is one of the most ambitious tax initiatives attempted by the government. By April of next year, almost all business are expected to have integrated some form of digital tax reporting software into their processes. Presently, only businesses who...
Tax Investigation: Compliance Checks Are Looming
It is common knowledge that the UK Government have invested unprecedented amounts in order to support businesses and the economy throughout the pandemic. Whilst this spending has been met with justified praise, we haven’t yet been told how they are likely to recoup...
EORI Number: Step 1 For Trading With The EU
An EORI number is an identification number that businesses and traders must use when interacting with customs procedures. Previously, UK businesses did not necessarily need one to import and export inside the EU. However, this has changed since Brexit. Now UK...
