According to Ann Jones, MD of Europe at VAT IT, the current VAT rise – a consequence of leaving the Customs Union – will push the cash flow of UK businesses to breaking point. However, these issues are being hidden behind the main Brexit headlines.
While revenue, profit and costs are all equally important, your cash management, in terms of your daily, weekly, monthly trading, is what keeps your company afloat. Ignore it at your peril.
For the government to meet our demands for better healthcare and education, it first has to earn revenue from somewhere. So it pays to know the difference between tax and duty, its primary sources.
Having already moved into the enterprise space through the creation of Amazon Web Services and Amazon Marketplace, the commerce company has created Amazon Business to meet procurement needs.
As a self-described man of words, not numbers, Simon Whitehead is not a fan of managing business cash flow – but knows how key it is at the start of a year.
Vernon Dennis explains why, despite the UK tax gap being at a record low, HMRC has placed SMEs in its crosshairs as a way of reducing it even more.
After the chaos on the eve of the self-assessment tax deadline in January, when a technology failure at HMRC cut callers off before they knew if payments had cleared, business owners have an extra incentive to get on top of things. Here’s how to make tax returns easy.
On the eve of chancellor Phillip Hammond’s first budget address to members of parliament, Real Business provides some Autumn Statement predictions.
With the British public picking Brexit and an end to its ties with the European Union, Real Business looks at four key laws which govern UK companies – analysing what the future of each could be.
As part of his Budget 2016 address, George Osborne sought to reassure the small business leaders that feel they’re struggling against online rivals and revealed he will clamp down on VAT dodgers overseas, while supporting sharing economy entrepreneurs with a tax break for an Airbnb allowance.
National newspaper publisher Trinity Mirror has found itself slapped with a £70,000 fine from HM Revenue and Customs (HMRC) after paying its VAT bill one day late.
What are the VAT pitfalls to avoid when running a small business?