Beware: Till Systems and Undeclared Sales
Do not overlook recent correspondence: A letter to businesses using Electronic Sales Suppression (ESS) in the UK Recently, HMRC has been issuing notification letters to businesses suspected of abusing the ESS. If you have also received a similar letter, please do not...
Apply for an Advance Valuation Ruling
If you are engaged in cross-border trade or operating an online store, you may need to import goods into the UK from time to time. Generally, you need to accurately calculate the value of the goods and declare them to customs. Valuing goods is an extremely complex...
8 Fun Facts about VAT in the UK
If you’re running your own business in the UK, it’s essential to have knowledge of Value Added Tax (VAT). Just this year, VAT in the UK celebrated its 50th birthday. You might want to take a different perspective to understand VAT, as there are some...
Is the UK interest rate about to rise?
Recently, there have been reports that the Bank of England will continue to raise interest rates to 4.5% in order to control inflation. Interest rates play a crucial role in the functioning of any economy, and the United Kingdom is no exception. However, high interest...
