Record a VAT payment or refund It's important to record every time money goes in or out of your bank account so that your books balance at the end of each tax year. When you pay VAT to HMRC or receive a refund from them, you need to: ...
GoCardless helps you automate payment collection, cutting down on the amount of admin your team needs to deal with when chasing invoices. Find out how GoCardless can help you with ad hoc payments or recurring payments. By easily automating payment collection & bank reconciliation GoCardless me...
Sure, you can easily notify HMRC about your change of employment. Since your employer pays you through Pay As You Earn (PAYE), they will send details of your earnings and tax deductions to HMRC. Once HMRC receives these details, they'll automatically adjust your tax code if necessary, to ...
Late payment interest is charged from the first day that the payment is overdue until the day it’s paid in full. It’s calculated at the Bank of England base rate plus 2.5%. If your payment is more than 15 days late, you’ll be charged: 16-30 days overdue – 2% on the VAT you...
It’s international banking without the bank, and without the high fees. Start saving today with Wise And that’s the UTR in a nutshell. After reading this guide, you should be all clued up on what the unique taxpayer reference is, who needs one and where to find yours - including how...
Payment Options HMRC offers several payment options for your tax bill. You can choose to pay online using a debit or credit card, or make a bank transfer... Read more Expenses for Self-Employed Tax Relief on Pensions Late Filing Penalty...