Careful! New VAT penalty point system

From January 1, 2023, the consequences for submitting a VAT Return late changed. Even if there is no payment due, late submissions will result in penalty points, and a financial VAT penalty may be imposed. It is important to understand how VAT penalty points work and...

Oops! Exceeding the VAT Threshold: What You Need to Know

Are you a small business owner who has recently exceeded the VAT threshold? If so, you may be feeling overwhelmed and unsure of what steps to take next. Don’t worry, you’re not alone. Exceeding the VAT threshold can be both a blessing and a curse for small...