A catering contractor who failed to register for VAT despite earning well above the registration threshold has been fined and banned from running a company for seven years.
UK businesses who have supplied digital and telecommunication services to the EU since 01 January have just weeks remaining to apply for the non-union VAT mini one stop shop (MOSS), it has been warned.
Businesses may have to apply both acquisition and import VAT on transactions spanning transition period, Government confirms
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.
Covid-19: New VAT deferral payment scheme to open for applications from “early 2021”, Government reveals
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.
HM Revenue & Customs (HMRC) has confirmed that access to the European Union VAT refund system for expenses occurred before 01 January 2021 will cease on 31 March 2021.
The Government’s temporary VAT relief on personal protective equipment (PPE) will not be extended, it has been confirmed.
Taxpayers suffering from mental health conditions are likely to be given greater consideration should they file a late tax return, according to a leading tax authority. The Association of Tax Technicians (ATT) said HM Revenue & Customs (HMRC) has a growing awareness of mental health and “appear to be taking this into account regarding fines”.…