Category: VAT

Making Tax Digital (MTD) for VAT Extension

Posted on March 30, 2022 | Tax | VAT
The 1st April 2022 marks an important milestone for the Making Tax Digital (MTD) programme. All VAT registered businesses, regardless of taxable turnover, will legally be required …

HMRC’s VAT Deferral New Payment Scheme to close this month

Posted on June 15, 2021 | Tax | VAT
Businesses that deferred VAT payments last year have less than a month left to join online and pay in monthly instalments under the VAT Deferral …

Online service opens for VAT deferral scheme

Posted on March 18, 2021 | VAT
HMRC has announced that businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it …

Domestic VAT reverse charge comes into effect on 1 March

Posted on March 10, 2021 | Legislation Changes | Tax | VAT
The twice-delayed introduction of the domestic VAT reverse charge for construction services came into effect on 1 March 2021. The change was originally scheduled to come …

Sunak set out Budget to protect businesses

Chancellor Rishi Sunak set out a Budget to protect businesses through the pandemic, fix the public finances and begin building the future economy. The Chancellor once …

VAT Deferral

Posted on January 22, 2021 | Tax | VAT
HMRC has issued some guidance to taxpayers that deferred their VAT payments between 20 March and 30 June 2020 and still have payments to make. HMRC …

HMRC confirms MTD for corporation tax to be mandated from 2026

Posted on December 3, 2020 | Employment | Tax | VAT
In a new consultation HMRC has confirmed that Making Tax Digital for corporation tax (MTD for CT) will not be implemented until 2026 'at the …

Get prepared for the end of the Brexit transitional period

Posted on December 3, 2020 | Brexit | Economy | Legislation Changes | Tax | VAT
It is time to prepare for the end of the Brexit transitional period. Whilst the United Kingdom officially left the European Union (EU) on 31 January …

Latest guidance for employers

Posted on November 13, 2020 | Coronavirus | Economy | Employment | Tax | VAT
HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics including: Coronavirus support schemes and what employers need …

Brexit imports and exports 

Posted on November 13, 2020 | Legislation Changes | VAT
From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to …