HMRC have updated its Payments on Account (POA) guidance What are POA? These are advance payments towards a business’ VAT bill. They are mandatory. HMRC will notify a taxpayer to make POA if a business renders VAT returns quarterly, and it owes more than £2.3 million in any period of 12 months or less. Under the […] The post HMRC have updated its Payments on Account (POA) guidance appeared first on UK VAT Advice.
