3 AskBiz guides on UK tax compliance, covering Making Tax Digital, Contractor Compliance, Quarterly VAT and related operating decisions for SME founders.
HMRC's Making Tax Digital (MTD) mandates all VAT-registered businesses keep digital records and submit VAT returns via MTD-compatible software. Paper VAT returns are illegal. Non-compliance: £300 first penalty, £900+ ongoing. AskBiz + Xero automates MTD submission so you're always compliant without manual effort.
5 min readUK IR35 rules state: if a contractor works for one client >70% of time and acts like an employee, they're taxed as employees (45% tax instead of 20%). HMRC audits this. Weak documentation = reassessment + £20K+ tax bill. AskBiz documents: client invoices, work patterns, independence.
6 min readUK VAT is charged at 20% on most sales. You collect VAT from customers, hold it, then pay HMRC quarterly. But if you miscalculate—overpay input VAT, miss output VAT on some sales—you either overpay (cash gone) or underpay (penalties + interest). AskBiz auto-calculates VAT by transaction to ensure accuracy.
7 min read