Making Tax Digital is HMRC’s flagship digitalisation programme, and it’s expanding fast. Whether you’re already filing VAT digitally or bracing for MTD for Income Tax, here’s what every small business needs to know right now. What is Making Tax Digital? Making Tax Digital (MTD) is HMRC’s programme to modernise the UK tax system. The core […]
Explore More
Once your taxable turnover crosses £90,000, VAT registration isn’t optional — it’s the law. But even below that threshold, registering voluntarily can have genuine financial benefits. Here’s a clear step-by-step guide to getting it right. When must you register for VAT? As a sole trader, you must register for VAT if your VAT-taxable turnover exceeds £90,000 in […]
Explore More
Missing a CIS deadline doesn’t just mean a fine — it can mean losing your gross payment status, damaging contractor relationships, and facing a compliance investigation. Here’s what to keep track of, and when. What is the Construction Industry Scheme? The Construction Industry Scheme (CIS) is HMRC’s tax framework for the building trade. If you’re […]
Explore More
Houses of Accounts