Value-added tax (VAT) is a critical component in business transactions and consumer pricing. It is an indirect tax, an extra charge on the price of a product, levied at every stage of the supply chain where value is added. For businesses, knowing the VAT registration threshold, VAT filing deadlines, and other VAT-related specifics is essential to legal compliance.

In this article, we’ll focus on the meaning of VAT and look into VAT codes and rates. You will also learn about methods to keep VAT records and simplify tax reporting using modern software like Payrow. Let’s dive in.

At Payrow, we partner with British SMEs to accelerate business growth through efficient, automated payment solutions. Our suite of financial tools includes automatic invoicing, transparent international transactions without hidden fees, and robust anti-fraud systems. While we provide services that cater to a broad range of needs, we rarely discuss the diverse array of sectors that can specifically benefit from our offerings. Let's correct that and explore the various business categories that stand to gain significantly from using Payrow.

An entrepreneur who is just learning basic business concepts may be confused about economic terms. To help you figure them out and manage your company’s budget efficiently, we’ve compared some of the most frequently confused terms — revenue and turnover — and explained the difference between them.

In this guide, you can learn formulas for calculating turnover/revenue, UK taxation peculiarities, and legal considerations, as well as typical pitfalls and best practices for money management. Learn how to assess and improve your company’s performance and business financial health with Payrow.

Startups often grapple with the complex challenge of managing diverse financial tasks while operating with limited resources, particularly in their early stages. As they evolve, the intricacy and scale of these tasks increase considerably.

Payrow is dedicated to easing these financial burdens for UK startups, streamlining their business processes effectively.

Currently, many SMEs in the UK are experiencing issues because of ‘debanking’. This means that their business accounts are being closed, they are receiving substandard services from the country’s leading banks, and their current and savings accounts have lower interest rates. Let’s analyse why this is the case and how smaller firms could benefit more in financial matters.

Managing purchase invoices and orders is commonly part of financial business activity documentation processes. Filling in and saving these essential documents with data about your business transactions is necessary for compliance and organisation of financial records.

Purchase orders and invoices serve distinct purposes while sharing some similarities. In this article, we’ll explain their features and their value for businesses. You’ll learn how to issue purchase orders and invoices in the UK and how modern digital services help do this automatically to save you time and effort.

We are delighted to share with our readers that Payrow’s collaboration with EdTech platforms has been recognised in a Forbes article by David Balaban, a prominent voice in contemporary cybersecurity and online privacy issues.

By ensuring the safety of financial transactions and securing critical financial data, Payrow addresses key concerns within the EdTech industry. These platforms require robust payment systems that adhere to stringent regulatory standards, such as those set by the Financial Conduct Authority (FCA) in the UK.

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Small and medium-sized business owners always have a lot on their minds. While figuring out how to pay employees for their work and suppliers for raw materials is easy, novice entrepreneurs often find themselves confused when it comes to business taxes in the UK.

No one wants to pay more tax than they have to. In this Payrow article, we will explain how to pay business taxes, how much and when, as well as how to avoid frequent mistakes and simplify your financial management.

The digital age has ushered in a significant increase in fraudulent activities, where fraudsters create false identities to swindle money from either financial bodies or their clientele. Experts anticipate that these criminal acts will become more rampant as artificial intelligence (AI) technology becomes more widespread.

A recent examination of opinions from 500 individuals specialising in fraud and risk within the financial sector, as initially reported by ABC News, highlights a profound concern over the escalating issue of fictitious online entities. The worry centres around whether the current technological measures for security and identity verification utilised by banks and credit service providers can effectively counteract this trend.

If a company is gaining popularity and wants to grow and develop, it needs to attract investment. One popular option is listing on the stock exchange. A company can go public and sell its shares on the stock exchange, which will give it an increase in capital and, thus, a powerful financial resource. According to Ledgy research, 72% of British tech companies prefer to list on the London Stock Exchange (LSE).

However, now there is an active discussion about whether the LSE is a good choice or whether it is better to go to an alternative like the Nasdaq. Let’s explore what is happening in the world of publicly traded companies and shares.