VAT

25th June 2020 Posted by: Suzy Hill Category: Business News, COVID-19 NEWS, VAT No Comments Businesses urged to reinstate VAT direct debits The Association of Taxation Technicians (ATT) is reminding businesses which have cancelled their direct debit in order to defer VAT payments, to set up a new one soon to prevent penalties Failure to

5th June 2020 Posted by: Suzy Hill Category: Business News, COVID-19 NEWS, VAT No Comments Covid-19: delay to VAT reverse charge on construction services HMRC has announced a five-month delay to the introduction of the domestic reverse charge for construction services, due to the impact of the coronavirus pandemic on the construction sector, and the

4th May 2020 Posted by: Suzy Hill Category: Business News, COVID-19 NEWS, VAT No Comments Covid-19: £100m VAT cut on protection equipment Personal protective equipment (PPE) purchased by care homes, businesses, charities and individuals to protect against Covid-19 is to be free from VAT for a three-month period. The Treasury has announced a zero-rate of

1st April 2020 Posted by: Suzy Hill Category: Business News, COVID-19 NEWS, VAT No Comments Covid-19: HMRC delays MTD ‘digital links’ Excel deadline HMRC has deferred by one year the deadline for businesses reporting under Making Tax Digital (MTD) for VAT to meet the requirement to have ‘digital links’ within their recordkeeping for transferring information

23rd March 2020 Posted by: Suzy Hill Category: Business News, COVID-19 NEWS, VAT No Comments Covid-19: VAT payments deferred for three months The government has announced a three-month deferral for VAT payments until end June for all UK businesses with HMRC working all hours to thrash out the detail The VAT deferral will apply from