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Category Archives: VAT

By | September 30, 2020

VAT: Forms of evidence

Some businesses do not pay enough regard to the importance of what documents say or even to retaining those documents Accurate records are vital Keeping accurate records is half the battle of compliance, as is cooperating with HMRC’s requests...

By | July 31, 2020

MTD VAT – Are you signed up?

HMRC have now started writing to those businesses that have not signed up with a further reminder

By | July 30, 2020

COVID-19 VAT payments deferral scheme ends

Businesses were given the option to defer their VAT payments between 20 March and 30 June VAT returns with a payment due date after 30 June must now be paid as normal Any deferred payments should be paid in...

By | June 26, 2020

Missed VAT deferral may be able to claim refund

HMRC has confirmed that where taxpayers wanted to defer VAT payments due between 20 March 2020 and 30 June 2020, but did not manage to cancel their Direct Debit in time they can claim a refund The quickest way for taxpayers...

By | June 26, 2020

HMRC compliance activity on MTD for VAT

HMRC is restarting communications to businesses that it thinks should have signed up to Making Tax Digital (MTD) for VAT but have not done so. It is now contacting those businesses ahead of ramping up its compliance activity in...

By | June 26, 2020

VAT: Construction industry reverse charge delayed again to March 2021

The domestic reverse charge anti-fraud measure for the construction industry has been delayed once again by five months to 1 March 2021 Monthly VAT returns: If all or most of your income will be subject to the reverse charge,...