New postponed import VAT accounting rules for imports into the UK from both EU and non-EU countries come into effect on 1 January 2021. This will generate a cash flow benefit for UK VAT registered businesses that import. Find out more about how to benefit from this change.
New VAT rules will apply to sales of goods by overseas businesses to GB customers after the Brexit transition period ends. Find out more about the new UK VAT registration obligation.
The government has published a future roadmap for the extension of Making Tax Digital, impacting businesses below the VAT registration threshold.
The UK government has launched a new campaign to help businesses and individuals prepare for the end of the Brexit transition period.
Find out more about the actions businesses and individuals need to take to be ready for the UK’s new relationship with the EU from 1 January 2021.
On 8 July Rishi Sunak announced a targeted temporary VAT rate cut for the UK hospitality and tourism sectors. HMRC has now published further guidance on the measure, available here.
In his Plan for Jobs speech today Rishi Sunak, the Chancellor of the Exchequer, announced a temporary VAT rate cut for the UK hospitality and tourism sectors to aid recovery following the COVID-19 pandemic.