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 ...
VAT Fuel Scale Charges20190410040000

VAT Fuel Scale Charges

April 10, 2019
The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges for taxing private use of road fuel to reflect change...
Making Tax Digital for VAT20190326230000

Making Tax Digital for VAT

March 26, 2019
The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT purposes using Making Tax Digital (MTD), is almost...
VAT grouping20190326230000

VAT grouping

March 26, 2019
There are special VAT rules that allow two or more corporate bodies to be treated as a single taxable person for VAT purposes known as a VAT group. A...
Changes to VAT IT systems if no-deal Brexit20190320040000

Changes to VAT IT systems if no-deal Brexit

March 20, 2019
In a letter being sent to businesses across the country, HMRC has published the following information on the effect a no-deal Brexit would have on cha...
Treatment of deposits for VAT purposes20190314040000

Treatment of deposits for VAT purposes

March 14, 2019
As a general rule, most deposits made by customers serve as advance payments and create a VAT tax point when the deposit is received. It is important ...
Last chance to get ready for VAT filing changes 1 April 201920190306040000

Last chance to get ready for VAT filing changes 1 April 2019

March 6, 2019
The deadline for the introduction of VAT filing changes is now just weeks away. For VAT returns periods starting on or after 1 April 2019, some 1 mill...
Correcting errors on VAT returns20190227040000

Correcting errors on VAT returns

February 27, 2019
Where an error on a VAT return is discovered, VAT registered businesses have a duty to correct the error as soon as possible. As a general rule, you ...
Claim EU VAT refunds before Brexit20190227040000

Claim EU VAT refunds before Brexit

February 27, 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 ex...
Joint ventures and VAT20190220040000

Joint ventures and VAT

February 20, 2019
A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their own separate identities. The parties to the jo...