Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to
Chancellor Rishi Sunak either scrapped or froze several taxes affecting consumers in his Budget delivered on 11 March, including the reading and tampon taxes.
Cloud accounting software is revolutionising business through the use of real-time accounting information, streamlined efficiency and the ability to have remote access to all of the information you need.
Almost two-thirds of builders believe that cutting VAT could boost their business, urging the Government to reform VAT ahead of the Chancellor’s first Budget tomorrow, Wednesday 11 March.
There are several VAT advantages when buying or leasing a vehicle for business use, but the buyer must be able to prove that it is not available at all for private use, including travel between home and work, unless it
Speculation is rife that Brexit could herald the return of the so-called ‘booze cruises’, whereby UK shoppers would be allowed to buy alcohol, cigarettes and other luxury goods in the European Union tax-free and bring them back home.
The Association of Accounting Technicians (AAT) has called on the Government to crack down on online marketplace VAT fraud.
The AA has urged the Government to scrap VAT on electric cars in a bid to boost sales, amid claims that many drivers are being put off buying ‘green vehicles by high buying prices.
Thousands of businesses were unable to file their VAT returns in early January because HM Revenue & Customs’ (HMRC) flagship Making Tax Digital (MTD) service crashed three times in three days.
News UK, publisher of a number of e-newspapers, such as The Times, The Sunday Times, The Sun and The Sun on Sunday, has won a legal appeal that could exempt digital news products from VAT.