Do Dormant Companies have to file tax returns?

This guide explains the dormant company reporting and company tax return filing requirements and avoid penalties. What is a dormant company? A dormant company is one that doesn’t trade or has no significant accounting transactions during the financial year. Any … Continue reading

MTD for VAT: An Overview – Part 2

Getting started with MTD Keeping accurate records is an integral part of a business. Poorly organized records could be penalized by HMRC. It is important to digitize the mountain of paperwork, containing all your business transactions, from the commencement of … Continue reading

MTD for VAT: An Overview – Part 1

What is Making Tax Digital (MTD)? Individuals and businesses can easily file a tax return with Making Tax Digital (MTD), UK Government’s initiative, to save time and hassle by having a comprehensive digital tax administration service online. When do you … Continue reading

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