Author: Helen Whitehouse

An essential toolkit for business owners

In today’s economic landscape, where financial acumen plays a pivotal role in the sustainability and growth of any business, the importance of effectively managing business expenses cannot be overstated.

Recognising this critical need, we have developed this valuable resource for business owners. This guide aims to simplify business expenses within the UK, shedding light on the strategies essential for optimising financial health and ensuring tax efficiency.

We also address the practical aspects of expense management, advocating for the adoption of digital tools and accounting software. This approach facilitates more streamlined, accurate, and efficient expense tracking, which is indispensable in a fast-paced business environment.

Introduction to business expenses
Both capital allowances and allowable expenses are deductions that businesses can claim to reduce their taxable profits. However, they apply to different types of spending.

Capital allowances offer a method for gaining tax relief on tangible capital expenditure, enabling it to be deducted from a company’s pre-tax income. This relief can be immediate or spread over several years, depending on the type of asset and applicable allowance. Typically, capital expenditure involves the acquisition of long-term business assets, such as machinery, business vehicles, and equipment.

These allowances are determined based on assets deemed capital in nature, meaning they benefit the business over multiple years, rather than being consumed within the year of purchase.

While it’s noted that the tax advantage for these expenditures is often recognised over several years – particularly for assets falling into the main rate or special rate pool – it’s important to highlight that most assets may qualify for either the annual investment allowance (AIA) or first-year allowance (FYA).

These allowances allow for the tax benefit to be fully realised in the first year of purchase, providing significant tax relief upfront for qualifying expenditures.

According to HMRC, allowable expenses are costs incurred wholly, exclusively, and necessarily in the running of a business. These expenses can be deducted from a firm’s revenue to calculate its taxable profit. Essentially, for an expense to be allowable, it must be incurred in the direct course of the business operations.

Some of the common categories of allowable business expenses include:
• Office costs (such as stationery or phone bills)
• Travel (including fuel, parking, train and bus fares for business trips)
• Clothing (uniforms, protective workwear, etc.)
• Staffing costs (such as employee salaries or subcontractor wages)
• Items you buy to sell on (including stock or raw materials)
• Financial costs (including insurance or bank charges)
• Costs of your business premises (such as heating and lighting bills, and business rates)
• Advertising and marketing (such as website costs or marketing fees)
• Training courses (for improving skills or professional development).

Certain expenses require careful navigation due to their complex nature:
Client entertainment: While business entertainment costs are not usually allowable expenses, understanding the specifics of these costs is essential for accurate reporting.

Home office expenses: Sole traders working from home can often claim a proportion of household expenses based on the portion of the home used for business purposes. For a limited company, these costs can only be recognised if they exceed what would otherwise have been incurred if the individual did not work from home. For example, if a sole trader believes 30% of their time using WiFi is for work, they can include 30% of that cost. For a limited company, if that WiFi cost is a fixed monthly fee, then HMRC would argue that cost would be the same whether there was some business use or not, and thus nothing can be claimed.

Personal vehicle use: If you use a vehicle for both business and personal purposes, a proportion of the vehicle’s running costs can be claimed based on the percentage of business use. These costs are recognised through the business by using HMRC’s approved mileage rates.

Key differences
Nature of expenditure:
• Capital allowances are claimed on long-term assets.
• Allowable expenses are for day-to-day operational costs.

Tax treatment:
• Capital allowances are spread over the useful life of the asset, providing tax relief over several years.
• Allowable expenses are deducted in the year they are incurred, providing immediate tax relief.

Types of costs:
• Examples of capital allowances include machinery and
• Examples of allowable expenses include rent, salaries, and utility bills.

Claiming capital allowances
To claim capital allowances, you must first identify which assets qualify. Generally, the asset must be used for business purposes, and there are specific rules regarding what constitutes qualifying expenditure. Once identified, calculate the appropriate allowance using the relevant rates and include this in your business’s tax return.

It’s important to keep detailed records of the assets purchased, including invoices and dates of purchase, to support your claim.

Strategic considerations
Capital allowances can significantly reduce a company’s tax liability, making them a key consideration in financial and tax planning. Businesses should consider the timing of large purchases to maximise tax relief, especially in light of any changes to allowance rates or thresholds announced by the Government.

For more complex assets or situations, it might be beneficial to seek professional advice to ensure compliance with HMRC rules and to optimise your tax position. Keeping abreast of any changes to capital allowances regulations is also crucial, as these can impact the tax efficiency of future investments.

Effective tracking and management of expenses
Accurate and efficient management of business expenses is non-negotiable. Leveraging technology through digital tools and accounting software can greatly enhance the precision and ease of tracking expenses. Here are some key strategies you can employ:

Implement expense management software: Using digital tools and accounting software is a game-changer for businesses of all sizes. Opt for software that seamlessly integrates with your existing accounting systems. The ideal software should offer features like real-time expense tracking, categorisation, and even the ability to scan receipts. This not only simplifies record-keeping but also ensures every transaction is accurately logged and classified, facilitating easier identification of deductible expenses and capital allowances.

Regularly review expenses: A regular review process is vital for keeping your financial records accurate and up-to-date. Schedule monthly or quarterly reviews to go over your expenses. This practice helps in identifying any discrepancies early, ensuring that all expenditures are appropriately recorded and classified. Regular reviews also provide insights into spending patterns, helping businesses make informed decisions about budgeting and cost-cutting measures.

Educate your team: The effectiveness of expense management often hinges on the awareness and cooperation of your entire team. Educate your employees about what constitutes an allowable expense versus a capital expenditure. Clear guidelines should be provided on how to report expenses, the importance of accurate documentation, and the company’s policies on expense claims. A well-informed team is less likely to make errors in expense reporting, which can save time and reduce the risk of compliance issues.

Hire a professional bookkeeper: For many business owners, managing expenses, alongside other responsibilities, can be overwhelming. Hiring a professional bookkeeper can alleviate this burden. Bookkeepers are skilled in managing financial records, ensuring that all transactions are recorded meticulously and comply with relevant tax laws. Their expertise can be invaluable in maximising tax relief through allowable expenses and capital allowances, while also freeing up your time to focus on core business activities.

Keep hold of receipts: Maintaining a comprehensive record of all business expenses is fundamental. This means keeping hold of all receipts and invoices, whether they’re physical copies or electronic records. Organised documentation supports your expense claims, making it easier to substantiate these expenses during tax filing or in the event of an audit. Utilise digital tools to store and organise receipts electronically, which can simplify retrieval and review.

The benefits of online accounting
Online accounting platforms offer a transformative approach to mastering business expenses, providing businesses with the tools necessary for efficient and accurate financial management.

By automating the tracking and categorisation of expenses, these digital solutions greatly reduce the risk of human error and ensure a real-time overview of financial data. This immediate access to financial information enables business owners, finance managers and accountants to make informed decisions swiftly, enhancing tax efficiency and aiding in strategic planning.

Furthermore, online accounting software simplifies compliance with HMRC regulations by streamlining the process of recording transactions, generating reports, and preparing for tax submissions. The integration of cloud-based technology facilitates seamless collaboration between team members and financial advisers, ensuring that expense management is both proactive and informed by expert insights.

In essence, online accounting is a cornerstone for businesses aiming to optimise their financial health and master the complexities of managing expenses.

Compliance with HMRC guidelines
Staying compliant with HMRC’s guidelines is imperative. This involves keeping accurate records of all business expenses for at least six years, understanding the deadlines for tax returns, and being aware of the consequences of non-compliance. It’s also advisable to stay informed about any changes in tax laws and regulations that could affect business expense claims.

The bottom line
Mastering business expenses is a critical aspect of financial management for UK businesses, essential for ensuring tax efficiency and compliance. By understanding what constitutes an allowable expense, effectively tracking and managing these expenses, and navigating the complexities of tax relief and refunds, businesses can safeguard their financial health.

As your accountants, we’re here to help you control your expenses, guide you through the intricacies of tax legislation, and ensure that your financial practices are both efficient and compliant with HMRC regulations. We can use our expertise to help you identify cost-saving opportunities, maximise your tax relief entitlements, and avoid common financial pitfalls.

With a proactive approach to expense management, our aim is to not just manage your financial obligations, but to optimise them in a way that supports your business’s growth and profitability. Remember, mastering business expenses isn’t just about staying within budget; it’s about making strategic decisions that enhance your overall financial performance.

Need assistance? Contact us and we can steer you towards financial success, ensuring that every pound spent contributes positively to your business’s objectives.

Starting on 4 February 2024, HMRC is writing to company owners regarding the potential under declaration of dividend income.

The correspondence is prompted by a decrease in company reserves despite reported profits, hinting at undisclosed dividend payouts.

Recipients are urged to acknowledge the letter by either disclosing any unreported dividend income or confirming no additional income exists. For those with undeclared income, HMRC recommends utilising an online disclosure facility.

The process involves registering, receiving a payment reference number (PRN) by mail, and using the same online platform to settle dues, encompassing interest and penalties, within 90 days of receiving the PRN.

The letter does not mention alternative reporting avenues like the contractual disclosure facility, which is more suitable for instances of tax fraud. If recipients assert that they have no additional income, they can communicate this to HMRC via the provided telephone number or email.

Failure to respond may lead to HMRC initiating a compliance check, potentially resulting in heightened penalties. This outreach once again reiterates the importance of prompt and accurate income reporting.

Get in touch about your personal tax obligations.

The Government has committed to supporting 5.5 million small businesses by updating its Help to Grow campaign and introducing a new Small Business Council next month.

Building upon existing initiatives, the council will create a platform for SME leaders nationwide to actively engage with the Government.

With small businesses constituting 99.9% of all UK enterprises, employing 27m people, and generating £4.5 trillion in annual turnover, the Government designates 2024 as “the year of the SME”.

The Help to Grow campaign and website have been updated to serve as a comprehensive resource hub for SMEs. A notable addition is the Help to Grow management scheme, a 12-week intensive program enhancing SME leadership skills. This initiative, which is 90% subsidised by the Government, has already been utilised by nearly 8,000 businesses, aiming to support up to 30,000 throughout its duration.

Business and Trade Secretary, Kemi Badenoch, said:

“Small businesses are the lifeblood of our local communities and drive the UK’s economy, supporting jobs and wages across the country.

“This new council will mean SMEs have a clear voice at the table and we can deliver on the key needs for business.”

Talk to us about your small business.

Chancellor Jeremy Hunt has said that there is little scope for further tax cuts in the Spring Budget.

In last year’s Autumn Statement, the Chancellor announced various tax breaks, including a cut to the main rate of National Insurance from 12% to 10%. In January, he suggested that he intended to reduce taxes in the upcoming Spring Budget.

Furthermore, while addressing the annual World Economic Forum in Davos, Switzerland, he highlighted that nations with lower tax rates experience more “dynamic, faster-growing economies”.

However, reports from The Times state that during a recent cabinet meeting, Hunt acknowledged “major structural weaknesses” in the economy, citing low productivity as the primary cause. This casts more doubt on the possibility of significant tax cuts in the upcoming Spring Budget on 6 March.

Speaking on the BBC’s Political Thinking podcast, the Chancellor said:

“It doesn’t look to me like we will have the same scope for cutting taxes in the Spring Budget that we had in the Autumn Statement. But we also want to be clear that the direction of travel we want to go in is to lighten the tax burden.”

In response to the reports, Mr Hunt mentioned that he is awaiting the “final numbers” from the independent Office for Budget Responsibility (OBR) which guides the Government’s budgeting decisions.

Despite the tax burden reaching a record high, further tax cuts may be improbable. The Institute for Fiscal Studies (IFS) recently highlighted the need for the next Government to secure an additional £20 billion to sustain current spending levels.

Contact us about your tax liabilities.

House price declines are gradually easing as sales volumes increase across the UK. In October 2023, prices dropped by -1.4%, slowing to -0.8% by December.

The East of England (-2.5%) and the South West of England (-2.2%) experienced the most significant declines in 2023. In contrast, house prices in Northern Ireland increased by 3.2%. Despite this, higher mortgage rates are expected to persist, influencing house prices throughout 2024.

Data indicates that sellers are consistently reducing asking prices to attract buyer attention. More than 20% of sellers are now agreeing to discounts exceeding 10% of the initial asking price, and this figure rises to 25% in London and the South East of England.

Prices have stalled for various reasons, including:
• tax alterations restricted property acquisition by investors and international buyers
• the Brexit vote impacted job growth • the pandemic closed cities which altered work patterns
• elevated mortgage rates disproportionately affected pricier housing markets.

It is unlikely that mortgage rates will fall significantly in the near future, staying within the 4% to 5% range.

Interestingly, Nationwide’s January index found that the average house price had increased by 0.7% during the month, a significant turnaround from the December figures.

Talk to us about your property finances.

In a bid to tighten tax regulations and combat tax evasion, HMRC is implementing measures affecting sellers on platforms such as eBay, Vinted, Airbnb and Etsy.

Effective from 1 January, many digital platforms are now mandated to collect under new international rules adopted by the UK through the Organisation for Economic Cooperation and Development (OECD).

The reporting obligation applies not only to the sale of goods, such as second-hand clothes and handmade items, but also encompasses services like taxi hire, food delivery and short-term accommodation letting.

Currently, individuals generating income exceeding £1,000 annually through online side hustles must register as self-employed and submit a self-assessment tax return. While those earning below this threshold are often exempt from filing a tax return, it is recommended that they maintain records in case of inquiries.

Online platforms are mandated to report seller information to HMRC, with the first reports expected at the end of January 2025. As a result, sellers are advised to stay informed and comply with tax regulations to avoid potential penalties.

While this move will have a wide impact, tax experts at the Low Income Tax Reform Group reassured taxpayers that their obligations have not changed:

“The new rules have caused a great deal of confusion, but they simply mean that HMRC is receiving more information from online platforms than before.

“If you are following existing rules and declaring your income as required, then you don’t need to worry or do anything differently.”

Contact us to discuss these changes.

In a move to ease financial burdens on UK households, the Government has implemented a historic National Insurance (NI) cut, providing relief for 27 million taxpayers.

As of Saturday, 6 January 2024, the main rate of National Insurance has been reduced by 2%, dropping from 12% to 10%. This reduction, exceeding 15%, equates to a £450 saving this year for the average salaried worker earning £35,400.

For a household with two average earners, the annual savings could be worth nearly £1,000, marking a positive impact on the disposable income of families nationwide.

HMRC has launched an online tool to assist individuals in understanding the implications of the tax cut. This tool, hosted on the Government’s cost of living support website on GOV.UK, uses salary information to provide personalised estimates of potential National Insurance savings for employees.

In addition to this historic tax cut, further measures will apply later this year, including a National Insurance cut for 2m self-employed individuals, set to take effect on 6th April 2024. This move, worth £350 for the average self-employed person on £28,200, is part of the Government’s commitment to supporting businesses and households alike.

Chancellor Jeremy Hunt, said:

“With inflation halved, we’ve turned a corner and are cutting taxes – starting with today’s record cut to National Insurance worth nearly £1,000 for a household.

“From nurses and brickies, to cleaners and butchers, 27 million hard-working Brits will have a little more cash in their pockets.”

Talk to us about your personal tax liabilities.

In a move to boost international trade and foster greater exporting opportunities for small businesses, UK Export Finance (UKEF) has introduced more flexible and expedited financing.

The Government’s export credit agency made this announcement during its annual conference, revealing it now has the capability to fast-track trade finance applications worth up to £10 million – double the previous limit.

This initiative aligns with the Government’s commitment in the 2023 Autumn Statement to provide additional support for SMEs seeking to access global markets through UKEF.

The measures introduced will also widen the maximum timeframe for loans from the General Export Facility from two to five years. This aims to give businesses more adaptable repayment terms amidst the current challenging economic landscape.

By expanding the ‘auto-inclusion’ scheme, small businesses can now swiftly secure Government-backed credit without manual intervention from UKEF.

Tim Reid, CEO at UKEF said:

“In speaking with our customers – and especially with small businesses – it’s clear that ease of accessing finance and flexibility in repayment terms make a big difference for firms wanting to export.

“We’re confident that our announcements will unlock even more deals for UK firms looking to sell to the world, whether they’re exporting for the first time or looking for the latest in a long line of export successes.”

Talk to us about your small business.

Want to talk to an expert?

If you’ve found the topics covered in this report to be of interest or would like to delve deeper into any of them, we welcome the opportunity to engage in a more detailed discussion with you. Our team of experts is always keen to share insights, and we’re confident that a conversation with us can provide valuable perspective.

We are also well-positioned to update you on the latest trends, opportunities, and challenges in the business world. As we all know, staying ahead of the curve is vital in today’s fast-paced business landscape, and we are here to help you navigate it successfully.

If you’re considering getting extra support, we invite you to explore the comprehensive solutions we offer.

To schedule a meeting or to get more information, please don’t hesitate to contact us.

Business leader confidence in the UK economy fell to -28 in December 2023 after hitting -21 in November, according to the latest economic confidence index from the Institute of Directors (IoD).

The decline is in contrast to business leaders’ confidence in their own enterprises, which surged to +36 in December – a notable uptick from the +30 recorded in November.

Positive trajectories were also observed in revenue and export expectations for December. The net outlook for revenue in the next 12 months, compared to the last year, climbed from +37 in November to +42 in December.

Similarly, export prospects exhibited an upward trajectory, escalating from +15 to +20 in the final month of the year.

Business investment expectations dropped slightly to +23 from +22 in November, while projections for costs and wages maintained their ground at +74 and +69, respectively. Headcount expectations fell slightly from +25 in November, settling at +24 in December.

Dr Roger Barker, director of policy at the IoD, said:

“Business leaders remain extremely cautious about the outlook for the wider economy over the next 12 months, although they are more optimistic about the prospects for their own organisations.

“In the coming months, the Bank of England will be considering its next step in terms of interest rates. Based on the evidence of this survey, an early cut in interest rates would be justified in terms of helping to kick-start business confidence.”

Get in touch about your business prospects.

Your guide to understanding VAT

Value Added Tax (VAT) is a significant part of the UK tax system. If you run a VAT-registered business, you’re required to charge this tax on most goods and services, which you must then report and pay to HMRC. Basically, you are collecting VAT on the Government’s behalf.

While this may sound straightforward at first, VAT is known for being complicated, and many small business owners find it difficult to get right. The purpose of this guide is to simplify the VAT process for business owners and provide clear, easy-to-understand instructions for managing VAT responsibilities effectively.

The VAT basics

Whenever a product or service is subject to VAT, the individual or business selling that product or service must charge the customer VAT, and then pass that onto HMRC. The seller can also recover any VAT that they had to pay in delivering that product or service (for example, on materials).

Understanding VAT

Understanding VAT is crucial for SMEs for several reasons:

• Compliance with tax laws: Failure to understand and properly handle your VAT obligations can lead to legal issues, including non-compliance penalties. As a result, it’s vital to know when you’re required to register for VAT, how to file VAT returns, and how to reclaim VAT you’ve paid on business-related goods and services.
• Cashflow management: VAT can significantly affect your SME’s bank balance. Knowing how to manage VAT effectively can help businesses maintain a healthy cashflow. There are different schemes available and picking the correct one can significantly improve cashflow.
• Pricing: VAT-registered businesses need to understand how much VAT to charge on their products or services.
• VAT thresholds and schemes: Learning about the different VAT schemes available to your business can help simplify the process.
• International trade: If your business is involved in importing or exporting goods and services, understanding VAT is vital for international trade compliance.
• Claiming VAT back: VAT-registered firms can recover VAT on many costs associated with running their business, which can reduce overall expenses.
• Record-keeping and reporting: Proper record-keeping and timely VAT reporting are essential. SMEs must keep accurate records of all VAT-charged sales and purchases and file regular VAT returns using software compatible with Making Tax Digital (MTD)for VAT. Failure to do so can result in fines and complications with HMRC.

Making Tax Digital (mtd)

MTD for VAT was introduced in 2019 to make it easier for businesses to get their VAT right and keep on top of their affairs. All VAT-registered businesses are now required to comply with these rules.

Under MTD for VAT, businesses and individuals are required to use HMRC-approved digital software to keep track of their tax records. Tax returns are submitted to HMRC using compatible software instead of filling out paper forms or even using the older VAT return portal online.

VAT registration

Threshold for registration

The current VAT registration threshold in the UK is £85,000. When a business’s taxable turnover reaches or exceeds this threshold within a 12-month period, it must register for VAT with HMRC. You’re also required to register if your business is likely to pass the threshold within the next 30 days. Once registered, the business must fulfil new responsibilities, including:

• charging VAT on certain products and services
• submitting VAT returns on a regular basis (usually quarterly)
• paying HMRC any VAT owed
• keeping detailed VAT records.

The VAT threshold is currently frozen at £85,000 until March 2026, which could mean more businesses will find themselves reaching the threshold sooner.

Voluntary registration

Businesses register for VAT voluntarily even if their turnover is below this threshold. Voluntary registration can be beneficial in certain circumstances, such as when a business’s customers are predominantly VAT-registered themselves or if the business is often in a refund position with HMRC.

How to register for VAT

Businesses registering for VAT can do so through the HMRC website. Here’s a brief overview of the steps involved:

• Preparation: Before starting the registration process, ensure you have all the necessary information ready. This includes details about your business such as its turnover, bank account details, and contact information. We’d also recommend signing up for MTD-compatible software ahead of time.
• Online registration: You’ll need to register for VAT through HMRC’s online service. If you don’t already have a Government Gateway account, you’ll need to create one as part of the process.
• After you register: Once the registration is complete, HMRC will provide you with a VAT number and information about how to submit your first VAT return. They’ll also confirm your registration date, and you’ll be signed up for MTD for VAT automatically.
• VAT returns and record-keeping: After registration, businesses are required to submit VAT returns, usually quarterly, and maintain detailed records of sales and purchases using HMRC-approved accounting software.

VAT rates and categories

Different VAT rates apply to various goods and services:

Standard rate

The standard rate of VAT is currently set at 20%. This default rate applies to most goods and services provided in the UK, including consumer electronics, alcoholic drinks, and other general goods and services. This is the default rate unless a specific item is designated under another category.

Reduced rate

Goods and services considered essential or beneficial from a social policy perspective are taxed at a reduced rate of 5%. This includes domestic fuel and power, children’s car seats and the installation of energy-saving materials.

Zero rate

Zero-rated items are still subject to VAT but at a rate of 0%. This category includes most food items, books, newspapers, children’s clothing, and shoes.

Exempt and outside the scope

VAT-exempt items are not subject to VAT and include insurance, providing credit, and certain types of education and training services. Goods and services outside the scope of VAT include MOT tests, postage stamps, and health services provided by doctors. These items are distinct from zero-rated goods in that they are not part of the VAT system at all.

The difference between selling a zero-rated product and an exempt product is that for a zero-rated product you can still reclaim the VAT you were charged in relation to the sale.

Understanding which category a product or service falls into is essential for accurate VAT accounting and compliance.

VAT accounting

Many small businesses can sign up for VAT accounting schemes to simplify the VAT process and help them manage their finances. Here are some of the main schemes:

• Flat rate scheme: This scheme simplifies record-keeping by allowing businesses to pay a fixed rate of VAT to HMRC. It’s suitable for VAT-registered businesses with an annual taxable turnover of £150,000 or less (excluding VAT). The VAT percentage paid depends on the business type.
• Cash accounting scheme: Under the cash accounting scheme, VAT is accounted for when payment is actually received from customers, rather than when invoices are issued. This can improve cashflow, as you won’t need to pay your VAT bill until your business has received the money. This scheme is available for businesses with a turnover of up to £1.35 million. It’s particularly beneficial for those that have slow-paying customers or cashflow management problems.
• Annual accounting scheme: The annual accounting scheme allows businesses with an annual turnover under £1.35m to submit one VAT return per year instead of four, simplifying administration. The scheme requires businesses to make advance payments based on their estimated VAT liability, with a final balancing payment due two months after the end of the VAT year.

How an accountant can help

Handling VAT effectively is vital for the smooth operation of a small enterprise. Here’s why you should consider hiring an accountant to assist you:

• Expertise and knowledge: Accountants have specialist knowledge and stay updated on the latest tax laws and regulations. This expertise is crucial for navigating the complexities of VAT, including understanding different rates and the implications for your business.
• Time and efficiency: VAT accounting can be time-consuming. An accountant can handle these tasks efficiently, allowing you to focus on other critical aspects of your business.
• Compliance and accuracy: Ensuring compliance with VAT regulations is essential to avoid penalties and fines. As accountants, we can ensure that VAT returns are accurate and submitted on time, reducing the risk of errors and compliance issues.
• Strategic planning: Accountants can provide guidance on which VAT scheme to choose and help develop strategies to optimise cashflow and reduce tax liabilities.
• Handling audits and enquiries: A VAT expert can handle communications with HMRC and resolve potential issues effectively.
• Advisory on transactions and growth: As your business evolves, an accountant can advise on the VAT implications of business transactions, international trade, or expansion activities.

As VAT accountants, we can support your small business by saving you time and stress managing your VAT obligations. It’s our job to ensure that you always comply with MTD for VAT rules, and we’ll provide strategic advice to ensure you pay the right amount of VAT – no more, no less.

Have any questions or need assistance? Feel free to reach out to us.