Tag: uk
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Why Should I Take Control Of My Business Accounts?
Why You Need to Take Control of Your Business Accounts In the UK, HMRC is preparing to introduce compulsory quarterly accounting periods for all businesses in the near future. This change means that every three months, business owners will need to know their exact financial position. Accurate, up-to-date bookkeeping will no longer be optional—it will…
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UK VAT Early Settlement Discount or PPD New Rules
Understanding UK VAT Early Settlement Discount (Prompt Payment Discount) Rules This article, last checked and updated July 2025 (see this), explores the rules around VAT and early settlement discounts, also known as prompt payment discounts (PPD), in the UK. The approach to VAT on early payment discounts changed significantly from 1st April 2015. Below, you’ll…