Croner Taxwise’s VIP tax question of the week : “Are hire purchase agreements categorised as goods or services for VAT purposes?”, answered by Tony Chamberlain, VAT Adviser.
The VAT deferral new payment scheme allows you to pay your deferred VAT over a longer period. Learn how you can opt-in to the scheme.
In 2021 new rules come in for use of the domestic VAT reverse charge. Read about the changes that come in from 1 March.
We clear up any confusion around VAT and the Eat Out to Help Out scheme. Read more to learn how VAT is charged on the bill during the scheme.
Reverse Charge VAT for Construction Services postponed by 12 months, meaning the change will not be implemented until 1st October 2020.
Find out more about the domestic reverse charge VAT on supplies and services within the scope of the Construction Industry Scheme, introduced by HMRC.
The change will shift the responsibility for accounting for the VAT on ‘specified services’ from the supplier on to the recipient of the supply.
When it comes to the weather, clouds aren’t exactly everyone’s favourite forecast, but when it comes to accounting, well that’s a different matter … cloud based accounting is efficient, it’s effective and very much part of our digital future. From 1 April 2019, VAT registered businesses need to comply with HMRC’s Making Tax Digital regime
Making Tax Digital is the latest move by the Government to make it easier for individuals and business to get their tax right and stay of top of their affairs. But there’s one small problem with this plan … according to our research, it seems that businesses in Cornwall just aren’t ready for it at
The Chancellor Philip Hammond stood up at the despatch box to deliver what was expected to be the last Budget before Brexit. Due to pessimistic forecasts by the Office of Budget Responsibly, he actually had billions more to play with thanks to better than expected tax collections. With the “era of austerity finally coming to
Making Tax Digital is on its way. Next year, if your turnover is over the VAT threshold, you’ll need to submit returns online. In readiness, HMRC has been working with more than 150 software suppliers who have said they’ll provide software for Making Tax Digital for VAT in time for April 2019. If you’ve got a system
Cast your minds back to 2015. Hopefully it was a good year for you, with some great memories. For us in the accountancy world, something very significant was announced. Following the budget, the Government decided to lay out it’s vision for a ‘really simple’, ‘easy to use’ transformed digital tax system – Making Tax Digital