Changes afoot for your VAT liabilities

Changes afoot for your VAT liabilities

If you run a professional practice with a turnover of more than £85,000, you must be registered for VAT and make returns, together with the appropriate payments of the tax to HM Revenue & Customs (HMRC) every three months. But sweeping changes are afoot, which may...
The flat rate VAT and solicitors

The flat rate VAT and solicitors

The UK joined the European Economic Community – forerunner of the EU – on the 1st of January 1973. One of the results of that decision was to replace Purchase Tax with a European invention, Value Added Tax (VAT). In the UK, the initial standard rate of VAT was 10% but...

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