According to an Intuit QuickBooks survey UK small business owners spent an average of 86 minutes checking their #VAT returns for #HMRC. Over half (51%) made mistakes and only 27% feel confident their return is correct.
Don't risk penalties , as Intuit Quickbooks MTD ready pro advisors we can help. Quickbooks Online uses SmartScan™ technology to highlight possible errors or anomalies.
#HMRC has decided to delay sending late self-assessment penalty notices due to #Brexit. Which could see some of the 731,186 taxpayers, who missed the deadline, paying additional penalties on top of the initial £100 late fee.
The 2017/18 Tax Return deadline is fast approaching and if you miss it you could be liable to a penalty of at least £100 as well as Interest on any tax paid late.
If you have any income that is not covered by PAYE, you completed a return last year or you have been asked to complete a return this year you must submit a self Assessment Tax Return and pay any outstanding tax before 31st January 2019...
HMRC has small businesses under the microscope and are chasing the estimated £33 billion that is missing from the total tax bill. Tax Investigation Insurance is vital to protect your business. Contact us for more information.