The most common area where mistakes are made is VAT as this is a very complex tax area: If you’re VAT registered, you have to charge VAT when you make taxable supplies. What qualifies and the VAT rate you charge depends on the type of goods or services you Read more…
The new requirement to correct (RTC) penalties of up to 200% for offshore tax non- compliance matters came into full effect on 30 September 2018 when the official period of grace ended. However, taxpayers who had notified HMRC by then of their intention to disclose, still have a window of opportunity Read more…