Standard Rate VAT Explained
Today we continue our series of blogs explaining the recent VAT changes and how they affect you and your business.
Changes to the Flat Rate Scheme
As you are probably aware by now, the Spring Budget has confirmed plans announced by HMRC last November to introduce changes to the VAT flat rate scheme from 1st April 2017.
HMRC to charge for home visits to debtors
HM Revenue and Customs (HMRC) are facing new fury after it has emerged they have been granted powers to enforce penalty charges on individuals owing taxes for home visits.