Go on GOV.UK to check how to register for VAT and avoid penalties. | HMRC | Facebook
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Did you know that nearly all VAT registered businesses have to submit their VAT return online? Here's how you can submit a VAT return using HMRC's online service. | HMRC
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HMRC set to roll out new VAT fuel charges on May 1 with petrol and diesel drivers risking charges of £2,314
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From 1 January 2025, the government will introduce 20% VAT on education and boarding services that private schools provide for a charge. Schools will be able to register for VAT as a result of these changes from 30 October 2024. Read more here. ⬇️ https://www.gov.uk/guidance/check-if-you-must-register-for-vat-if-you-receive-private-school-fees?utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=vat_school_fees&utm_content=Oct10 | HMRC
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Here’s what my tax investigator friend says HMRC NEVER ignore: 🚩 1. Income that doesn’t match your lifestyle Driving a £60k car on £12k income? They notice. 🚩 2. Super high expenses every single year If your costs jump massively with no reason, it gets flagged. 🚩 3. Cash-heavy businesses with low declared profit Beauty, construction, hospitality they know the averages. 🚩 4. Claiming “everything” as an expense Holidays, designer bags, meals out… they’ve seen it all. 🚩 5. Not registering for
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186 reactions · 27 comments | Red flags that could trigger a HMRC...
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A heated clash erupted between Stephen Pound and Mike Parry as HMRC confirmed it will target private schools where families paid years' worth of fees in advance in an attempt to sidestep the upcoming 20% VAT set to take effect on January 1 2025. Mike Parry fumes, arguing Labour punishes parents for being ambitious. #HMRC #LabourParty #RachelReeves #Labour #MikeParry #StephenPound #GBNews | GB News
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