Pandle Update: Avoiding VAT Registration Errors in Pandle Header Image

Pandle Update: Reducing VAT Registration Errors in Pandle

Everyone likes to make a good first impression, but sometimes getting off on the wrong foot has more serious consequences than others. Even something that seems small, like accidentally entering the wrong VAT scheme start date into your bookkeeping software, can take you from ‘Making Tax Digital’ to Making Tax Dreadful’. Horrifying. Fortunately, Pandle’s algorithms…

How Do I Register for VAT?

Value Added Tax (VAT) is what’s known as a type of ‘consumption tax’ – a form of tax applied to eligible goods and services. Fortunately, not all businesses need to register for VAT – only those whose taxable turnover reaches the registration threshold. When a business reaches this point, there are several ways in which…

The New Points-Based Penalties for Making Tax Digital for VAT

The New Points-Based Penalties for Making Tax Digital for VAT

Making Tax Digital (MTD) for VAT is in full swing, and HMRC will soon launch a new system for issuing VAT submission and payment penalties. The new points-based penalty system for Making Tax Digital for VAT will apply from January 2023. You can still be fined under the existing rules until then! Will I be…

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Authorising a Tax Agent to Act on Your Behalf

Running your own business is very exciting, but there are some aspects that perhaps you could do without. For many people, one of these is dealing with HMRC. Quite apart from the dread of another brown envelope dropping through the letterbox, there are the deadlines, and the fact that HMRC seem to speak another language…

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Making Tax Digital for Income Tax Self Assessment (ITSA)

Making Tax Digital, or MTD, is the government’s plan to improve the way that businesses record and report their tax. The rules are already in place for VAT registered businesses, and from April 2024 will expand to include Self Assessment. The changes mean that self-employed people and landlords earning over £10,000 a year must be…