In today’s Compliance Corner we’re talking about – HMRC or Her Majesty’s Revenue and Customs!
What is it and what you need to know about them…
HMRC is a government organisation responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes.
Okay but what does that mean to you? Basically, they are a huge part when it comes to the compliance of selling within the UK as you’ll need to communicate with them heavily surrounding getting your VAT number, submitting VAT returns and more to ensure you meet the regulations of selling in the UK.
However, we understand that as an American seller it can be very confusing trying to understand all the many complicated regulations and laws surrounding UK VAT and Tax so as your VAT agent it is our job to do all of this work for you and be the primary point of contact between you and HMRC.
Check out the video for more information and we look forward to seeing your Thursday for more crucial content!