VAT

HMRC launches VAT Registration Estimator

11th Jul 2024 | Posted by: Suzy Hill

HM Revenue and Customs (HMRC) has launched a digital tool to help businesses estimate what registering for VAT may mean for them.

Get ready for new VAT penalties from 1 January 2023

23rd Nov 2022 | Posted by: Suzy Hill

For VAT periods starting on or after 1 January 2023, HMRC is replacing the default surcharge with separate penalties for late returns and late payment of VAT.

VAT rate reduction for hospitality, holiday accommodation and attractions.

20th Sep 2021 | Posted by: Suzy Hill

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% returning in April 2022.

HMRC urged to act on online VAT fraud by overseas sellers

18th Oct 2017 | Posted by: Suzy Hill

HMRC has been too slow to address the problems of online VAT fraud by overseas sellers and its estimates of the tax loss are ‘out of date and flawed’.

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