Tag: General, Business Tax, Business News

Delaying payment of your quarterly VAT bills is no way to relieve pressure on your cash flow and usually results in heavy financial penalties. However, as a First-tier Tribunal (FTT) ruling showed, there is such a thing as a reasonable excuse for late payment. A

Many marketing and promotional campaigns offer ‘free’ goods to customers. A tax tribunal’s decision has, however, established the truth of the popular saying that there is no such thing as a free lunch, or for that matter a free bottle of wine. The case concerned