VAT Compliance
Tax compliance is the ability and willingness of taxpayers to abide by the tax laws, report their income accurately and pay the appropriate taxes on schedule. Businesses and traders are typically entangled with value-added tax (VAT) amongst the various UK indirect taxes. In 2021/22, £143 billion of UK’s taxes were collected from VAT.
- What are the consequences of non-compliance?
- Vertex VAT Compliance
Source: Vertex
Click on the logo to visit the website
Latest Posts in "United Kingdom"
- UK Budget 2025: VAT E-Invoicing, Digital Compliance, and Post-Brexit Tax Reforms Announced
- FTT Rules HMRC Closure Notice Bars VAT Registration: Hairdresser’s Turnover Below Threshold, Appeal Allowed
- UK Tribunal Rules Self-Employed Hairdresser Not Liable for VAT Registration Under Rent-a-Chair Model
- EU Insists on VAT Representative for UK Firms Despite British Objections to Import Rules
- Mandatory B2B e-invoicing as of April 2029
