HM Revenue & Customs (HMRC) has launched an updated Check for Employment Status for Tax (CEST) service ahead of the introduction of the IR35 off-payroll working rules for the private sector on 6 April 2020. Continue reading
Category Archives: VAT
VAT receipts rise to record £133 billion
The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors. Continue reading
Top tips to ensure your business is prepared for Brexit
The UK is currently scheduled to leave the European Union (EU) on 31 October 2019. However, it is still unclear whether that will be with or without a deal. Continue reading
120,000 businesses failed to meet the Making Tax Digital deadline
HM Revenue and Customs (HMRC) has revealed that 1.1 million businesses have now signed up for Making Tax Digital (MTD) and so far, 1.2 million VAT returns have been successfully submitted through the service. Continue reading
Making Tax Digital: what happens next?
Making Tax Digital (MTD) for VAT was launched in April 2019, which means that hundreds of thousands of businesses are now recording and reporting their accounts digitally to HM Revenue & Customs (HMRC). Continue reading
Government delays domestic VAT reverse charge until October 2020
The Government has announced that it will delay the implementation of the domestic VAT reverse charge for building and construction services by a year. Continue reading
Government to allocate trading numbers to more than 88,000 UK firms ahead of Brexit
Ahead of a potential no-deal Brexit, the Government has announced that it will start automatically enrolling UK firms in the customs system. Continue reading
CIOT urges HMRC to delay VAT reverse charge for the construction industry
The Chartered Institute of Taxation (CIOT) is urging HM Revenue & Customs (HMRC) to delay the introduction of the VAT reverse charge for the construction industry. Continue reading
Thousands of businesses struggling to get to grips with MTD
According to the latest industry research, thousands of businesses are struggling to get to grips with Making Tax Digital (MTD). Continue reading
Half of all SMEs make VAT return mistakes
Half of all small-medium sized enterprises (SMEs) make errors when filing their VAT returns, according to the latest research. Continue reading