Tax gap

HMRC publish 2019/20 tax gap analysis

7 October 2021| CATEGORIES: HMRC, Tax, Tax gap, VAT| TAGS: , ,

The tax gap for the 2019/20 tax year is 5.3%, which represents £35 billion, according to statistics recently published by HM Revenue and Customs (HMRC). The total tax gap for Value Added Tax (VAT) is £12.3 billion.

READ MORE
VAT penalty

New UK VAT penalty regime from 1 April 2022

5 August 2021| CATEGORIES: VAT| TAGS: ,

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.

READ MORE

Get ready for trade with the EU after the Brexit transition period

17 July 2020| CATEGORIES: Brexit| TAGS: ,

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. 

READ MORE

RBCVAT provides practical, hands-on help and advice on all international VAT matters.

    RBCVAT needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.