VAT reverse charge construction industry20190611230000

VAT reverse charge construction industry

June 11, 2019
A change to the VAT rules first announced at Budget 2018, will come into effect from 1 October 2019. This change will make the supply of construction ...
What records must a VAT trader keep?20190604230000

What records must a VAT trader keep?

June 4, 2019
There are distinct rules that VAT registered businesses must follow when keeping VAT records. This includes keeping proper business and accounting rec...
Less is more – MTD regulations relaxed20190520230000

Less is more – MTD regulations relaxed

May 20, 2019
Starting from April 2019, most VAT-registered businesses that have a taxable turnover over £85,000 are required to keep their VAT records digita...
VAT Margin Scheme on sales of vehicles20190520230000

VAT Margin Scheme on sales of vehicles

May 20, 2019
A Margin Scheme is an optional method of accounting which allows certain businesses to calculate VAT based on the 'value' they add to the good...
Last call, are you ready for revised digital filing of your VAT returns?20190507230000

Last call, are you ready for revised digital filing of your VAT returns?

May 7, 2019
Most VAT registered businesses with a turnover above the VAT threshold need to be ready to keep digital records for VAT purposes, and to file their VA...
Beware Limited Cost Test if you use the VAT Flat Rate Scheme20190430230000

Beware Limited Cost Test if you use the VAT Flat Rate Scheme

April 30, 2019
The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in so doing, reduce the administration costs of c...
VAT and transfer of business as a going concern20190423230000

VAT and transfer of business as a going concern

April 23, 2019
The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of a business. Normally the sale of the assets of a V...
VAT registration thresholds20190423230000

VAT registration thresholds

April 23, 2019
HMRC’s VAT Notice 700/1: should I be registered for VAT? has recently been updated. The update reflects the fact that the taxable turnover thres...
Making an EU VAT refund claim20190423230000

Making an EU VAT refund claim

April 23, 2019
The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business use. The exa...
The VAT concept of business20190416230000

The VAT concept of business

April 16, 2019
The VAT system is policed by HMRC and there can be heavy penalties for breaches of the legislation. There are four conditions that must be satisfied ...
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