When a VAT-registered company submits its VAT return, there will sometimes be a refund due. This occurs when the business has paid out more in VAT in the qualifying period than it has received.

At what point does your small business have to start paying VAT? Should you voluntarily pay VAT? And what are legitimate ways to stay under the VAT threshold? The VAT threshold is the volume of annual ...

HMRC is gearing up to hike fines for the late filing of VAT and self-assessment after the Treasury outlined a new push against tax evaders in the Spring Statement. Susannah Streeter, head of money ...

About 1.1 million people missed the deadline to file their self-assessment tax return in 2024, according to HMRC.