Businesses that have benefited from a cut in the VAT rate will see the temporary figure of five per cent rate increase at the end of September to 12.5 per cent.
The UK’s new independent tariff suspension scheme will help domestic manufacturing companies become “more competitive”, experts have said.
The temporary reduced rate of VAT will be extended until at least 30 September 2021, it has been announced.
The construction industry VAT reverse charge has come into effect today; here’s everything you need to know about the new anti-fraud accounting measure.
Construction businesses have just days left to prepare for the introduction of the new VAT reverse charge for building supplies, it has been warned.
Numerous businesses in the UK are not adequately prepared for the off-payroll tax rule changes for the private sector to come into effect in April 2021, according to the latest research.
Construction firms have just weeks left to prepare for the introduction of the new VAT reverse charge.
HM Revenue & Customs (HMRC) has confirmed that both acquisition VAT and import VAT may apply on transactions spanning the end of the Brexit transition period.
International businesses affected by Covid-19 will have more time to make UK VAT refund claims, it has been confirmed.
Businesses that want to pay deferred VAT in instalments throughout the 2021/22 tax year must register for a new scheme by 31 March 2021, it has been confirmed.