28 July 2020| CATEGORIES: Brexit, postponed import vat accounting| TAGS: Brexit, import VAT, PVA
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.
23 July 2020| CATEGORIES: Brexit| TAGS: Brexit, e-commerce, new VAT rules
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.
22 July 2020| CATEGORIES: Making Tax Digital, VAT| TAGS: Making Tax Digital, MTD
The government has published a future roadmap for the extension of Making Tax Digital, impacting businesses below the VAT registration threshold.
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.
