7 September 2021| CATEGORIES: COVID-19, VAT| TAGS:
HMRC has published Revenue and Customs Brief 11 (2021): VAT liability of Coronavirus (COVID-19) testing services, explaining the rules for the VAT treatment of COVID-19 testing services.
5 August 2021| CATEGORIES: VAT| TAGS: VAT, VAT News
The Government has announced a new VAT penalty regime which introduces changes to the penalty processes for both late VAT return submissions and late payments, to apply from 1 April 2022. Our blog article covers the changes coming into force under the new system.
23 June 2021| CATEGORIES: e-Commerce, VAT| TAGS: e-commerce, EU, VAT
From July 2021, the VAT rules on EU cross-border business-to-consumer (B2C) e-commerce activities will change. Here you can access the European Commission’s published guidance on the new rules.
3 March 2021| CATEGORIES: Budget, VAT rates| TAGS: Budget 2021, hospitality, tourism, VAT rate cut
On 3 March 2021 Chancellor Rishi Sunak delivered Budget 2021. Most of the Budget measures were targeted at addressing the fall out from the COVID-19 pandemic, including extending the VAT rate cut for the hospitality and tourism sectors.
1 March 2021| CATEGORIES: Covid measures, VAT| TAGS: Covid measures, VAT
The UK government’s VAT deferral new payment scheme for settling VAT payments deferred between 20 March and 30 June 2020 due to COVID-19 is now open for businesses to voluntarily opt-in.
24 February 2021| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
In a bid to tackle fraud, the VAT domestic reverse charge for construction services is being introduced in March 2021. This will impose a significant administrative burden on businesses affected by the change.
11 February 2021| CATEGORIES: Uncategorised| TAGS:
Following the UK’s exit from the EU, new VAT rules apply to goods entering the UK in consignments valued at up to £135. The changes include: the abolition of low value consignment relief, which currently exempts consignments of goods up to £15 from import VAT; a new requirement for overseas sellers to charge UK VAT …
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15 November 2020| CATEGORIES: Covid measures, VAT| TAGS: Covid measures, VAT
HMRC has updated its guidance explaining how to settle VAT payments deferred between 20 March and 30 June 2020 due to COVID-19.
3 October 2020| CATEGORIES: e-Commerce, VAT| TAGS: e-commerce, EU, July 2021, VAT
The European Commission has published Explanatory Notes on the new EU VAT rules for e-commerce which come into effect on 1 July 2021. We look at what businesses need to do to prepare for the changes.
25 September 2020| CATEGORIES: Covid measures, VAT rates| TAGS: Covid measures, VAT rate cut
Following a resurgence in the number of COVID-19 cases in the UK, Rishi Sunak yesterday announced further VAT measures to support the economy in his Winter Economy Plan statement.
