HMRC have said that businesses will not be penalised for late submission of their first MTD VAT return. They added: … Read More
The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable … Read More
The implementation of domestic reverse charge VAT for construction services has been delayed until 1 October 2020. We will keep … Read More
A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to … Read More
Under new rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the … Read More
A recent VAT case confirmed that the amount paid by a customer will usually be the amount subject to VAT, … Read More
HMRC have reminded business that barter or contra transactions (supplies with no money payment) are subject to tax and VAT. … Read More
HMRC have announced that businesses can record supplier statements as one VAT transaction rather than having to record each individual … Read More
Generally if a business is never paid for its goods or services, it either does not have to hand over … Read More
HMRC have published updated contact details for general enquiries about VAT by phone, webchat and post. View the new details … Read More