Posted in VAT
August 19th, 2022
From Tuesday 1 November 2022, clients will no longer be able to use their existing VAT online account to file their quarterly or monthly VAT returns. Businesses that file annual…
Posted in Tax, VAT
March 18th, 2022
In the Spring 2021 Budget, the government announced that there would be changes to the way penalties are incurred on late VAT return submissions and/or payments from 1st April 2022.…
Posted in Bookkeeping, Brexit, VAT
April 1st, 2021
If your business moves goods between the UK and countries in the EU, You’ll need to follow new customs and tax rules. Businesses will be affected by the new rules…
Posted in VAT
March 12th, 2021
HMRC have announced a reform of the current penalty system relating to late submission of VAT returns and late payment of VAT liabilities. Instead of an automatic financial penalty being…
Posted in VAT
March 2nd, 2021
As the new DRC VAT scheme started yesterday, any clients on Xero that fall under the reverse charge for CIS ruling will need to update their tax codes on Xero,…
Posted in VAT
February 23rd, 2021
From 1 April 2021, over 1 million UK VAT registered businesses face new MTD obligations, with penalties threated for the first time. The changes only apply to UK VAT registered…
Posted in VAT
February 2nd, 2021
THE NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021 New VAT rules are due to come into effect this March which will impact on accounting for VAT…
Posted in VAT
January 26th, 2021
The guidance on how to pay VAT payments deferred between 20 March and 30 June 2020 has been updated with an added section on ‘Correcting errors on your VAT returns…
Posted in COVID-19, PAYE, Payroll, Tax, VAT
September 25th, 2020
On 24th September, Rishi Sunak unveiled the goverment’s plan to support businesses and protect jobs over the coming months. It will be several days before the full details become clear…
Posted in VAT
July 15th, 2020
VAT FLAT RATE SCHEME New flat rate percentages from 15 July until 12 January have been announced, which include: Catering 4.5% Pubs 1% Hotels and accommodation 0% See: https://www.gov.uk/vat-flat-rate-scheme/how-much-you-pay…
