Jack Ross Chartered Accountants has provided expert accounting services in Manchester since 1948. We pride ourselves on our commitment to transparency and compliance. From sole… Read More »HMRC UPDATE – Requesting Changes to VAT Registration Details
Leasing vs Buying Business Assets: Jack Ross Explains Tax Introduction: The Complex World of Asset Acquisition Since 1948, Jack Ross Chartered Accountants has been providing… Read More »Tax Implications of Leasing vs. Buying Business Assets in the UK
Navigate UK VAT compliance for your e-commerce business with our comprehensive guide.
Inconsistent VAT Treatment Costs Further Education Colleges Billions Each Year Introduction Members of Parliament from across the political spectrum have voiced their concerns over the… Read More »MPs raise concerns over inconsistent VAT treatment of further education
Starting in 2023, submitting a VAT return after the deadline will result in penalty points. These points can add up, resulting in fines of up to £200 for each subsequent late submission. It’s important to understand how the points system works and how to avoid these penalties. For example, businesses making quarterly returns have a higher threshold for penalty points compared to those making annual or monthly returns. It’s also important to note that changes to your business, such as switching to a different accounting period, can affect your penalty points. If you have questions or need help managing your VAT, contact us for expert assistance
Just about everyone has heard of VAT (value-added tax). We’re used to paying it on many of the goods and services we purchase in our… Read More »Choosing the right VAT scheme for you.
VAT is a business tax on the supply of goods and services. VAT is charged at varying rates depending on what is being supplied. It… Read More »An introduction to VAT for a UK business.
The deadline to pay deferred VAT is the end of June. Due to the impact of coronavirus, VAT payments between 20 March 2020 and 30… Read More »June deadline for deferred VAT payment.
Businesses that deferred paying VAT between 20 March 2020 and 30 June 2020 do not need to pay the full amounts by the end of… Read More »OPT-IN TO VAT DEFERRAL NEW PAYMENT SCHEME BY 31 MARCH 2021
Insight into VAT’s barnacles of complexity Are Jaffa Cakes biscuits or, as the name implies, cakes? This question is one of the most famous examples… Read More »The numerous quirks and foibles of VAT