Can I Register for VAT Before Reaching the Threshold?
Current VAT rules require that a business to become VAT registered once it hits £85,000 a year in VAT taxable turnover. But, can a business register before that?…
VAT Management
Pandle is Ready for Making Tax Digital for VAT
We are delighted to announce that this morning HMRC have added Pandle to their list of recognised software suppliers supporting Making Tax Digital for VAT. Now, whilst it may seem like we’re cutting things a little fine with the deadline only two weeks away, we would like to reassure users that Pandle has been fully…
Making Tax Digital for VAT
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…
Pandle Prepares for Making Tax Digital
We have had a few questions lately about the upcoming Making Tax Digital initiative laid out by the government, and whether Pandle will be able to support it….
Wrapping Your Head Around VAT
As a UK business, you must register for paying VAT if your ‘VAT taxable turnover’ is more than £85,000. For many small businesses, that sounds like a large sum. In fact, if you’re in a sales-based business, as many are, it’s really not so large in practice. In reality, that’s actually ‘only’ around £1635 per…