Interested in understanding a little more about a tax issue affecting you or your business? In this section our team share their thoughts, ideas and views on a wide range of topical, tax related subjects, currently making the news.
VAT
19 July 2023
It has now been over 2 years since PIVA was introduced as a business-facilitation measure to help businesses cope with what otherwise could be significant cashflow problems when importing goods…
VAT
27 January 2023
Background On the back of facing an unprecedented backlog of unprocessed OTT notifications caused primarily due to Covid-19 disruption, HMRC have not unsurprisingly looked to consider their options over the…
VAT
2 November 2022
The new arrangements will come into force in relation to VAT periods starting on or after 1 January 2023. Key points A new penalty system for late payments of VAT…
VAT
23 February 2021
As of today, you can now join the VAT deferral payment scheme If your business deferred paying VAT in the period from 20 March to 30 June 2020 and you…
VAT
9 February 2021
This is an anti-fraud measure designed to counter building and construction services providers absconding with the VAT collected from their customers.The mechanism used for this is called the domestic Reverse…
VAT
11 February 2021
HMRC have been busy sending letters to all VAT registered businesses within Great Britain (GB) who trade with the EU and/or the rest of the world. The letters highlight the…
