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  • Changes to VAT penalty regime delayed until 2023

    • 14th January 2022
    • Posted by: Suzy Hill
    • Category: Business News, VAT
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    VAT Penalties
    14th January 2022 Posted by: Suzy Hill Category: Business News, VAT No Comments Changes to VAT penalty regime delayed until 2023 The government has announced plans to delay the introduction of penalties for late submission of VAT returns The new penalty system was due to come into effect from 1 April 2022 but this has
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  • VAT rate reduction for hospitality, holiday accommodation and attractions.

    • 20th September 2021
    • Posted by: Suzy Hill
    • Category: VAT
    No Comments
    VAT Rate Reduction (1)
    20th September 2021 Posted by: Suzy Hill Category: VAT No Comments VAT rate reduction for hospitality, holiday accommodation and attractions. The reduced VAT rate of 5% has been extended until 30 September 2021. Following this, an interim rate of 12.5% will be in place for a further six months with the standard rate of 20%
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  • UK businesses owe HMRC £2.7bn after VAT holiday

    • 2nd August 2021
    • Posted by: Suzy Hill
    • Category: Business News, VAT
    No Comments
    Uk businesses owe HMRC £2.7bn after VAT holiday
    2nd August 2021 Posted by: Suzy Hill Category: Business News, VAT No Comments UK businesses owe HMRC £2.7bn after VAT holiday HMRC is still owed £2.7bn in deferred VAT payments from over 150,000 UK businesses who have not yet made arrangements to pay it back Information released by HMRC through a Freedom of Information request
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  • Scams warning for tax credits customers

    • 2nd June 2021
    • Posted by: Suzy Hill
    • Category: Business News, VAT
    No Comments
    Scams warning for tax credits customers
    2nd June 2021 Posted by: Suzy Hill Category: Business News, VAT No Comments Scams warning for tax credits customers Tax credits customers should be vigilant and alert to potential scams, HM Revenue and Customs (HMRC) has warned, as the remaining annual renewal packs will arrive in the post this week. In the 12 months to
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  • HMRC clarifies VAT position on electric vehicle recharging

    • 26th May 2021
    • Posted by: Suzy Hill
    • Category: Personal Tax, VAT, Business News
    No Comments
    HMRC clarifies VAT position on electric vehicle recharging
    26th May 2021 Posted by: Suzy Hill Category: Personal Tax, VAT, Business News No Comments HMRC clarifies VAT position on electric vehicle recharging HMRC has confirmed that VAT is chargeable at the standard rate for electric vehicles when using charging points situated in public places Supplies of electric vehicle charging through charging points in public
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  • VAT Deferral New Payment Scheme to close in June

    • 21st May 2021
    • Posted by: Suzy Hill
    • Category: Business News, VAT
    No Comments
    VAT Deferral New Payment Scheme to close in June
    21st May 2021 Posted by: Suzy Hill Category: Business News, VAT No Comments VAT Deferral New Payment Scheme to close in June Businesses that deferred VAT payments last year have one month left to join online and pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has confirmed. The online portal for
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