Changes in VAT penalties
The first monthly returns and payments affected by HMRC’s new VAT penalty regime were due by 7 March 2023. The new VAT penalty rules apply
How the VAT Reverse Charge works
The VAT domestic reverse charge accounting mechanism was put in place to help prevent criminal attacks on the UK VAT system by means of sophisticated
VAT: Everything you wanted to know but were afraid to ask
The UK system of Value-Added Tax (VAT) has much in common with other countries’ GST regimes in that it focuses on taxing goods and services…
VAT group registration
There are special VAT rules that allow two or more corporate bodies to be treated as a single taxable person for VAT purposes. This is
Completing a One Stop Shop VAT return
HMRC’s guidance on how to complete and submit a One Stop Shop (OSS) VAT Return from 1 October 2021 has been updated. The special VAT
Don’t let tax be taxing
Q: We recently had a problem with confusion over our VAT return and the issue of paying import duty on goods we bought from abroad.…
When not to charge VAT in the UK
In the UK, you can’t charge VAT on exempt items or services. Exempt goods or services are supplies that you can’t charge VAT on and…
A checklist for completing a UK VAT Return
Our checklist for completing a UK VAT return below provides details on what information is to be included on the UK VAT return. 1.VAT due…