17 July 2020| CATEGORIES: Brexit| TAGS: Brexit, VAT
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.
10 July 2020| CATEGORIES: VAT rates| TAGS: Covid measures, hospitality, tourism, VAT rate cut
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.
8 July 2020| CATEGORIES: VAT rates| TAGS: Covid measures, hospitality, tourism, VAT rate cut
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.
24 June 2020| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
HMRC has announced that the introduction of the domestic reverse charge for construction services has been delayed again to 1 March 2021 due to the impact of the COVID-19 pandemic on the industry. The DRC imposes a significant administrative burden on businesses affected by the change.
15 June 2020| CATEGORIES: e-Commerce, Tax, VAT| TAGS: e-commerce, VAT
The European Commission has decided to postpone the entry into force of the VAT e-commerce Directive to take account of the difficulties that businesses and Member States are facing due to the Coronavirus crisis.
24 September 2019| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
HMRC has announced that the introduction of the domestic reverse charge for construction services has been delayed by 12 months and will now be introduced with effect from October 2020. The domestic reverse charge imposes a significant administrative burden on businesses affected by the change.
24 June 2019| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules, VAT News
HMRC has published new guidance on the VAT domestic reverse charge for building and construction coming into effect in October 2019. The VAT reverse charge is a major change to the way VAT is collected in the building and construction industry.
2 March 2019| CATEGORIES: Making Tax Digital| TAGS: Making Tax Digital, MTD
With Making Tax Digital (MTD) for VAT coming into force in less than a month, businesses that have not yet decided on a software solution need to act now to meet the new digital requirements applicable from 1st April. As the timing coincides with the UK’s departure from the EU at the end of March, …
13 July 2018| CATEGORIES: Making Tax Digital| TAGS: Making Tax Digital, MTD, new VAT rules
HMRC has published VAT Notice 700/22 providing further guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT.
22 June 2018| CATEGORIES: e-Commerce, Tax| TAGS: US sales tax, VAT News
The US Supreme Court ruling will impact overseas retailers’ online sales, which are not currently subject to US state sales tax.
