VAT

VAT is particularly complicated for the #construction industry. Talk to us and we’ll explain the implications of the VAT reverse charge – and some of the other implications of industry-specific VAT rules. #tax #CIS The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid within the construction...

Get up to speed with Value-Added Tax with our Plain English guide to VAT. #tax #accounting #businesstips #VAT Getting to grips with the basics of accounting, financial management and business strategy can be a challenge. To make things easier, we’re starting a new Plain English guide to business. This time, we’ll be looking at Value-Added Tax, or VAT...

HMRC’s VAT Registration Helpline has closed. So, how do you get an answer to your VAT application query? We’ve summarised the main ways to contact HMRC’s VAT specialists. #tax #accounting #VAT #VATregistration We were dismayed to see that HM Revenue & Customs (HMRC) shut down their VAT Registration Hotline as of 22 May 2023. This leaves businesses that...

The 5% reduced rate of value-added tax (VAT) has been in place since 8 July 2020. The reduced rate has been extended on numerous occasions to factor in changes to the affected sectors over the course of the pandemic – and has been a lifeline for many affected companies. But, from 1 October 2021, the 5% rate jumped to a...