Just about everyone has heard of VAT (value-added tax). We’re used to paying it on many of the goods and services we purchase as we go about our everyday lives.

But when you have your own business, you’ll learn a whole new world of VAT exists as you work out how to apply it to your own trade. Find out more about what VAT is, how you need to think about it, and what VAT accounting scheme is best for you.

The Bank of England is determined to return UK inflation to its 2% target as prices continue to soar.

In a speech at King's College in London, chief economist and executive director for monetary analysis at the Bank of England Huw Pill said it was “essential” to bring inflation back to target.

Self-employed individuals are having difficulties completing their self-assessment tax return, according to a new report commissioned by HMRC.

A lot of people have trouble with their tax reporting duties because of “confusing terminology, ambiguity around allowable business expenses and uncertainty transferring figures to HMRC’s system,” according to the report…

Smaller businesses don’t believe that Making Tax Digital (MTD) applies to them, according to a study carried out by Yonder Consulting for HMRC. Find out more about MTD here in this article.

Lack of awareness of tax liability among crypto investors - more than half of cryptocurrency investors have limited or no understanding of capital gains tax (CGT) and the associated tax liability on crypto transactions. Find out more about your tax liabilities in our article.