December 13, 2018 0 Comments

  Brexit guidance: Leaving the EU with no deal The government has published a collection of Brexit guidance documents in preparation for the scenario of the UK leaving the EU without a Withdrawal

November 6, 2018 0 Comments

  Making Tax Digital for VAT public pilot opens and deferral for some businesses HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according

September 6, 2018 0 Comments

  Making Tax Digital for VAT - software suppliers HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in

July 3, 2018 0 Comments

  New VAT rules for building trade in 2019 Under new VAT rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will

April 11, 2018 0 Comments

  Spring Budget 2018 As announced last year, the Chancellor’s Budget will in future take place in the Autumn each year as opposed to the Spring. There was however a Statement by the

March 1, 2018 0 Comments

  HMRC have announced that they are looking for suitable businesses to sign up for the pilot testing of the new Making Tax Digital system of reporting  for VAT information. Turkeys voting for Christmas springs

February 5, 2018 0 Comments

  Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. On 18 December 2017, HMRC published

December 6, 2017 0 Comments

  The VAT registration limit normally increases in line with inflation each year, however the limit has been frozen at £85,000 until 1 April 2020. At the same time the deregistration limit remains

November 23, 2017 0 Comments

Value Added Tax This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about

October 10, 2017 0 Comments

  Did you know that you can reclaim your foreign VAT? If your business has suffered VAT on expenses incurred in another EU country, for example overseas hotel and restaurant bills, then it