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Background HMRC sees the construction industry as a sector that presents a significant risk to the Exchequer. As a result a reverse charge for building work is due to be introduced, to combat fraud. This will mean, essentially, that...
This VAT Focus provides the usual updates of HMRC news as well as coverage of some of the more recent developments in the Courts including judgments in relation to the deductibility of input VAT in different situations, where a...
HMRC NEWS Trading With the EU if the UK Leaves Without a Deal HMRC has updated its guidance on leaving the EU in particular to reflect the fact that there is to be an extension to arrangements already announced regarding the...
HMRC is extending arrangements already announced for traders to use Transitional Simplified Procedures (TSP) which will make importing easier. This includes an extension of the date when the first supplementary customs declarations must be submitted, and any import duties...
HMRC NEWS Find Software that is Compatible with Making Tax Digital for VAT Check which software packages are compatible with Making Tax Digital for VAT. HMRC Impact Assessment for the Movement of Goods if the UK leaves the EU...
As the 29 March Brexit date approaches there is still uncertainty around whether there will be any deal in place by then. It is therefore very important that businesses are prepared and we would recommend acting now to prepare...
HMRC NEWS Check When a Business Must Follow the Rules for Making Tax Digital for VAT Find out if and when you (or your clients) need to follow the rules for Making Tax Digital for VAT. Use Software to...
New Information Regarding Enrollment VAT registered businesses with a taxable turnover above the VAT registration threshold of £85,000 must Making Tax Digital (MTD) compliant software to submit their VAT returns from 1 April 2019. It is important to ensure...
HMRC has issued guidance on changes to the rules and processes for VAT IT systems in the event that the UK leaves the EU without a deal. From 11pm GMT on 29 March 2019, many UK businesses will need...