HMRC Introduction of the new Flat Rate VAT percentage for services companies Following an announcement on changes to the Flat Rate VAT scheme in late 2016 you will need to make a decision about how you wish to manage your VAT going forward. We have set out the issue and the options available to you…

This post gives an overview of what to expect when HMRC visits your business unannounced. Why would HMRC visit unannounced? In general, HMRC have increased their unannounced visits and will inspect those who: 1. Have repeatedly missed appointments (missed payments/missed submission deadlines etc.) 2. Deliberately understate records; or 3. Where they believe a business has been…