Category Archives: VAT

VAT flat rate scheme changes

Clarkson Accountancy Posted on by

Changes to the VAT flat rate scheme could significantly affect the tax liability of small businesses that currently make use of the scheme. The flat rate scheme simplifies the process of calculating how much VAT a business needs to pay or claim back from HMRC. It introduces a fixed rate … READ MORE

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Making Tax Digital – Be ready…

Clarkson Accountancy Posted on by

Did you know that just as businesses are getting over the huge cost and upheaval from the Automatic Enrolment regime HM Revenue and Customs (HMRC) are introducing ‘Making Tax Digital’ (MTD)Whilst the final details are yet to be finalised, the 2017 Spring Budget saw the announcement that in essence from … READ MORE

Posted in VAT