VAT
Introduction Value Added Tax (VAT) is a tax on goods and services that is collected by businesses at the point of sale. Businesses that are registered for VAT are required to submit regular VAT returns to HM Revenue and Customs (HMRC). VAT returns are important for a number of reasons. First, they help HMRC to […]
What is Self Assessment?
What is Self Assessment? Self Assessment is a system used by HM Revenue and Customs (HMRC) to collect Income Tax from people who have other sources of income, such as self-employment, rental income, or investments. Under Self Assessment, you are responsible for calculating your own tax liability and submitting a tax return each year. Who […]
