The temporary VAT cut on personal protective equipment (PPE) will be extended until the end of October, it has been announced.
Businesses who deferred VAT liabilities throughout the coronavirus pandemic should now reinstate direct debits as the deferral scheme comes to a close, experts have said.
The VAT reverse charge for the construction sector has been delayed for a further five months amid the coronavirus pandemic, it has been confirmed.
A major accountancy group has warned that a huge number of small and medium-sized enterprises (SMEs) may not be able to repay deferred tax and VAT payments.
Despite Coronavirus confusion, the planned VAT reverse charge for the construction sector is still set to go ahead from 01 October 2020. This is what you need to know.
The Making Tax Digital “digital link” deadline will be delayed as a result of the coronavirus, it has been revealed.
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.