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The Accountants for Growth

Submit your VAT Returns electronically - MTD

Submit your VAT Returns electronically - MTD
From April 2019 all businesses with a turnover above the VAT threshold of £85,000 will need to send their VAT returns to HM Revenue & Customs in digital format.
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Getting compliant for Making Tax Digital

Getting compliant for Making Tax Digital
MTD-flow-chart.pdf
If you need any help with making sense of how Making Tax Digital will affect your business, get in touch with us! 
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Making Tax Digital (Update)

Making Tax Digital (Update)
In a recent article the Institute of Chartered Accountants in England and Wales have asked the Revenue to delay the roll out of making tax digital for VAT purposes which is due to become into play for most VAT registered businesses for their VAT return periods starting after 1 April 2019.
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Making tax digital – Don’t be caught out on 1 April 2019

Making tax digital – Don’t be caught out on 1 April 2019
Small businesses with annual sales of over £85,000 will be required to file their VAT returns digitally for all VAT periods starting on or after 1 April 2019.
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VAT - Benefits of the Flat Rate Scheme

VAT - Benefits of the Flat Rate Scheme
The flat rate scheme is a way of making your accounting and VAT records easier to keep, by allowing you to apply a fixed percentage to your gross sales to calculate the VAT due. The percentage that you apply depends on the sector which your business falls into.
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Making tax Digital: Update

Making tax Digital: Update
Bowing to pressure, the Government have delayed the introduction of Making Tax Digital by two years to 2020.
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Business start up tip

Business start up tip

Have you recently started up a Limited company?  Are you sure that you invoicing and headed letters comply with the legal requirements?


You may have spent ages going back & forth with a graphic designer choosing a design to suit your business and brand but many business start ups do not get the correct guidance to make sure their stationery is legal.

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Warning: VAT Scam

Please note there is a VAT scam happening at the moment which has hit thousands of businesses. The phishing email claiming to be from Santander Bank advises that a VAT payment of £483.38 has been made.


There is download attached, which if opened will transfer a virus onto the computer.


If anyone mentions receiving this email please tell them it is a scam!

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Getting the most out of VAT

Getting the most out of VAT

Every year VAT is becoming increasingly more complicated as HMRC continuously amends and introduces new rules and regulations. In conjunction with this, the government is working harder than ever to clamp down on any tax irregularities.

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What is "hot"? New VAT legislation clarifies hot takeaway food

What is "hot"? New VAT legislation clarifies hot takeaway food

For many years the standard rate of VAT has been applicable to hot takeaway food. Problems have arisen over the interpretation of whether the food which is sold is indeed hot and therefore subject to VAT.


The legislation clarified this point by stating that if the food was sold with the intention of being eaten as ‘hot’ then standard rate VAT was applicable. If however the food was simply being kept warm to make it appear more attractive or to smell better, then sales of such items could be zero rated. Obviously this left scope for retailers to interprete the legislation to their favour.

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