HMRC have confirmed that for VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or...
The government is changing the sanctions for late submission and late payment to make them more consistent across taxes. The changes will initially apply to VAT and Income Tax Self...
Yesterday, the Chancellor of the Exchequer, Rishi Sunak, delivered his Autumn Budget statement. We have prepared a summary of yesterday’s announcements which you can access by following the link below....
New VAT rules for e-commerce in the EU Cross-border VAT for e-commerce is being modernised in the EU with the aim of making the process simpler and to create a...
Businesses that deferred VAT payments between March and June 2020 under the VAT Payment Deferral Scheme have until 21 June 2021 to opt-in to the VAT Deferral New Payment Scheme...
HMRC has confirmed that companies will have to pay a 5% penalty or interest if they do not pay in full or make an arrangement to pay deferred VAT by...
Sunak sets out Budget to protect businesses Yesterday, the Chancellor of the Exchequer, Rishi Sunak, delivered his second Budget statement and reaffirmed the government’s commitment to supporting individuals and businesses...
If you are accounting for import VAT under the new Postponed VAT Accounting rules you will need to download your postponed import VAT statement. Be aware that you will only...
If you deferred your VAT payments due between 20th March and 30th June 2020 and still have outstanding payments to make, you can join the new VAT deferral payment scheme...
The Domestic Reverse Charge VAT scheme for those in the Construction Industry Scheme comes into effect on 1st March 2021. Be aware that the changes could affect your cashflow and...