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HMRC launches VAT registration estimator tool for SMEs

Jul 12, 2024 |

HMRC has introduced a new digital tool designed to assist small businesses in evaluating the potential impact of VAT registration. The VAT Registration Estimator, launched on 10 July, allows new and established businesses to experiment with various financial inputs...

FSB proposes vital VAT reforms

Jan 17, 2024 |

The Federation of Small Businesses (FSB) has proposed significant changes to the UK's VAT system in a new paper. The paper, "VAT for Small Businesses," suggests increasing the VAT threshold from the current £85,000 to £100,000. This change is intended to give small...

New VAT registrations online only

Oct 20, 2023 |

HMRC will be removing the paper VAT registration form from 13 November. This comes as the tax authority steers VAT registrations for businesses and agents online. Over 95% of businesses and agents have waived the paper alternative and are now using the online VAT...

Tax system “overcomplicated”, say MPs

Jun 19, 2023 |

The UK tax system is "overcomplicated" and an "obstacle to growth", according to members of the Treasury committee. In a report published on Friday (16 June), the committee called for a simplification of the tax system, claiming the Government's decision to close the...

HMRC launches VAT time-to-pay portal

Jun 14, 2023 |

HMRC has launched a new VAT time-to-pay portal allowing businesses to set up payment plans online. As of 31 May 2023, businesses owing £20,000 or less in unpaid VAT can make payment arrangements through the portal if they meet the eligibility criteria. To qualify,...