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...
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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...
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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...
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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...
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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...
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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...
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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...
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As we approach the end of the tax year, we thought that a reminder of the rates and allowances for 2019/20 would be useful. This article highlights some of the...
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Despite recent legislation preventing the UK from leaving the EU without a deal, it remains sensible to consider the implications of a ‘no-deal’ Brexit on your business. The aim of...
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The government has announced a 12-month delay to the introduction of the domestic reverse charge…