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October 12, 2021October 12, 2021QuickBooks, Tax

Creating a VAT only Sales record

Dealing with a VAT only sales adjustment in QuickBooks If your business deals predominantly in food sales most of its sales will be 0% rated for VAT in the UK. It is the case therefore that it is simpler to record all sales as 0% and then make regular adjustments to account for the small […]

November 13, 2018March 22, 2019Bookkeeping, HMRC, QuickBooks, Tax

What is Making Tax Digital (MTD)?

What is Making Tax Digital? MTD – at this stage – is more accurately MTD for VAT. That means that HMRC has pushed through a requirement for most VAT registered businesses with effect from 1 April 2019 to use MTD compatible software to • capture business transactions • prepare the VAT return • send information […]

February 4, 2015January 5, 2021Bookkeeping, Cloud accounting, HMRC, QuickBooks, Tax

Dealing with VAT in QuickBooks® Online

Dealing with VAT in QuickBooks® Online Updated January 2021 Changes to VAT after Brexit (1 Jan 2021) Some links regarding the changes to VAT arrangements in general, and guidance on the changes in QuickBooks. HMRC Guidance Exporting from UK to EU checklist Importing of Goods from EU and elsewhere Note here that B2B imports (where […]

May 8, 2014June 11, 2014HMRC, Start-up, Tax

Tax facts

HMRC Tax help Tax help factsheets This is an excellent collection of factsheets and and links to help small businesses pick their way through the tax minefield. As ever, it is also worth subscribing to their email business education service – it’s all quite free and, if you set up a smart mail box, you […]

March 9, 2014June 11, 2014HMRC, Start-up, Tax

HMRC help and education

HMRC help and education For new businesses – and even older ones – jumping through the HMRC hoops is a daunting prospect. We all know that, so there’s no shame in admitting it. A very helpful approach to take is to take as much as you need of the free education and support that HMRC […]

Tag: tax

Creating a VAT only Sales record

What is Making Tax Digital (MTD)?

Tax facts

HMRC help and education

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