The start of the new tax year often marks the beginning of an extremely busy time for those using the construction industry scheme (CIS). HMRC have issued a reminder of some of the help that is currently available to help… Read more
HMRC have announced the postponement of phase two of their Making Tax Digital (MTD) for VAT project. This ‘phase two’ required businesses to digitally link their software all the way from entry of each transaction at one end of the process… Read more
Temporary changes have been made to the rules governing VAT payments due between 20 March 2020 and 30 June 2020 to help businesses manage their cash flow during the coronavirus (COVID-19) pandemic. Under the temporary easement, a UK VAT registered… Read more
The coronavirus (COVID-19) outbreak has brought an unprecedented array of challenges for businesses and their agents. Information is changing on an almost daily basis, making it difficult to keep up-to-date with business support measures and where to find the necessary… Read more
Q. My business imports goods from the EU. What is the current position regarding postponed accounting for VAT? A. There is now a transition period until the end of 2020 during which the UK and EU negotiate additional arrangements. The current… Read more