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... Continue reading
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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... Continue reading
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... Continue reading
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 threshold, that... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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... Continue reading
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