30 June 2023| CATEGORIES: HMRC online services, time-to-pay, VAT debt| TAGS: VAT News
VAT-registered businesses that owe less than £20,000 of VAT can now set up a time-to-pay plan online. Certain businesses are not eligible to set up a VAT payment plan online. This includes businesses that use the VAT cash accounting or annual accounting schemes, and businesses that make VAT payments on account.
3 March 2023| CATEGORIES: digital newspapers, Supreme Court, zero rate| TAGS: VAT News
The UK Supreme Court, in the case of News Corp UK & Ireland Ltd v Commissioners for His Majesty’s Revenue and Customs [2023] UKSC 7, has ruled that digital versions of newspapers were not entitled to the VAT zero rating for newspapers before the legislation was changed to include them from 1 May 2020.
18 January 2022| CATEGORIES: HMRC, VAT penalty regime| TAGS: New HMRC rules, VAT News, VAT penalty changes
The Government has announced a delay to the introduction of the new penalty regime for VAT. The new system had been due to come into effect from 1 April 2022, however, this has been delayed by nine months until 1 January 2023.
23 September 2021| CATEGORIES: HMRC, Making Tax Digital| TAGS: Making Tax Digital, VAT, VAT News
An independent report commissioned by HMRC has been published on the impact of MTD for VAT on businesses.
22 September 2021| CATEGORIES: Covid measures, COVID-19, hospitality and tourism, VAT rates| TAGS: Covid measures, hospitality, VAT News
The VAT rate that applies to certain supplies of hospitality, hotel and holiday accommodation, and admission to certain attractions changes on 1 October 2021. The current 5% rate for these supplies will be replaced by the introduction of a new reduced rate of VAT of 12.5% which will remain in effect until 31 March 2022.
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.
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.
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.
