Making Tax Digital (MTD) started becoming mandatory from 1 April 2019, meaning that the vast majority of VAT-registered businesses that are on a quarterly stagger should have submitted their first MTD VAT returns by now. I say ‘should’ since an HMRC...
A favourite tried and trusted technique for Government in raising taxes is to forget to uplift a threshold. Given the effluxion of time and a dose of inflation (albeit the latter has less of an eroding effect in the modern era), more and more tax payers will move...
This scheme has been in existence since 1st January 1993, and is an alternative to VAT registration for farmers and certain other people involved in agricultural production activities or similar, as defined by HMRC. The trader should charge a “Flat Rate Addition”...
Can my company reclaim the VAT on expenses incurred while employees are on foreign business travel? Many individuals travel abroad and incur travel and entertaining costs, however the VAT element on these costs are often overlooked. Reclaiming VAT on recoverable...
News Update – September 2019: The Government has just announced that it will delay the introduction of VAT Reverse Charging by a year after it was heavily criticised for rushing through the changes without consultation with trade bodies and organisations in the...
Over the weekend I found I was surrounded by the world of accountancy even though it was a bank holiday and I wasn’t at work. Thanks to the introduction of Making Tax Digital (MTD), adverts for cloud accounting software are currently everywhere you turn – on the...
