Tax in the real world
It’s easy to get bogged down in the minutiae of tax, to be distracted by how complicated it all is.
It's easy to get bogged down in the minutiae of tax, to be distracted by how complicated it all is. So sometimes it is worth reminding ourselves that it’s not all computations and disputes with HMRC.
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Electronic VAT return and payment due
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Recovering underclaimed input tax
Your business has incorrectly failed to claim input tax on a particular expense for five years. You know it can only be corrected for four years to comply with the legislation, but are you aware of a potential three-month extra claim in some cases?
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HMRC clarifies treatment of averaging relief under MTD IT
HMRC has updated its guidance to explain how averaging relief claims will operate under Making Tax Digital for Income Tax (MTD IT). The clarification addresses concerns about how farmers and creators will claim relief once quarterly reporting becomes mandatory. What has changed?
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