Category: VAT
Making Tax Digital (MTD) for VAT Extension
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
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
Posted on March 9, 2021 | Company News | Coronavirus | Economy | Employment | Housing | Legislation Changes | Self Employment | Startups | Tax | VAT
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
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 …