Catch up on the latest accounting & financial news here from Braant.
If you’re running a business outside the UK but selling to customers in the UK, VAT can often feel like a grey area. Many overseas companies assume that because they...
Read more > about Do Non-UK Businesses Need to Register for VAT in the UK?In 2022, HMRC updated its VAT manual to clarify the rules surrounding the place of supply of services, reflecting significant changes in how VAT is applied.
Read more > about HMRC Guidance On VAT Place Of Supply Of ServicesThis guide reviews how this principle is applied to the sales of goods and services, covering cases involving non-EU companies and EU-based counterparts.
Read more > about Do I Have To Charge VAT To Overseas Customers?Although it is only legally required to become VAT registered when your company reaches a turnover threshold of £85,000, there are benefits of voluntary VAT registration.
Read more > about 8 Key Benefits Of Being VAT RegisteredVAT inspections take place when the HMRC selects your business for further enquiry surrounding your proclaimed VAT returns.
Read more > about Understanding VAT Inspections: A Comprehensive GuideIf you run a business in the UK, it can be challenging to understand when to register for value-added tax (VAT). There are certain circumstances under which businesses are legally...
Read more > about When Do I Need To Register For VAT?If your business is VAT-registered, you may want to deal with only VAT-registered businesses because that comes with many benefits. But how do you check if a company is VAT...
Read more > about How To Check If A Company Is VAT Registered and Find Their Number?While typically, the supplier of goods and services must account for VAT on their invoice and returns, in certain industries, this has recently changed, making the recipient accountable for VAT.
Read more > about What is a Reverse VAT Charge?If you have an import business registered for VAT in the UK, you may be eligible for postponed VAT accounting. This system can grant permanent financial benefits to your business.
Read more > about Postponed VAT Accounting
Starting in April 2026, HMRC is implementing a significant change to how late filings for Income Tax Self-Assessment (ITSA) are managed. The previous system of automatic fixed penalties for a single missed deadline is being replaced by a points-based…
For many UK SME owners, January represents a critical transition period. It is the season for essential compliance: filing tax returns, reconciling payroll, and finalising year-end accounts. But as satisfying as ticking boxes might be, the real opportunity is…
As the financial year-end approaches, bookkeeping often shifts from a to-do later task to a significant administrative burden. In simple terms, year-end bookkeeping is the process of completing, consolidating, and finalising your financial records. This ensures your books are…
Capital Gains Tax (CGT) is what you pay when you sell or dispose of something that has grown in value. The tax applies to taxable gains, not the total sale price, and it typically applies to asset sales such…
Building a business is exciting, but it also brings financial challenges. Startups and SMEs often concentrate on immediate goals such as sales, hiring, and product development, while long-term financial planning can fall behind. This is where strong financial leadership…
One of the first questions any business owner faces is how to pay themselves. Should you take drawings or a salary? The answer depends entirely on your business structure.
Different rules, obligations and tax consequences apply to sole traders, partnerships…
Audits can feel like a little bit of a dark art for small and medium-sized businesses. You might tune out the minute it comes up and think “stress,” “paperwork,” “that thing big companies do”. But what about audits and…
If you’ve ever started a new job and been automatically signed up to a pension without having ever lifted a finger, that is auto-enrolment at work. It’s a government program designed to encourage more people to save for their…
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