For VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late. There will also be changes to how VAT Interest is calculated…

After several delays, the Government has now formally announced that the domestic reverse charge rules for the building and construction industry will be introduced effective from the 1st March 2021. You are recommended to read this synopsis and to use…

From 1 April 2019, VAT registered businesses with turnover above the VAT registration threshold (currently £85,000) will be required to keep digital records, and submit their VAT returns via the Making Tax Digital system (MTD). VAT registered businesses with turnover…

HM Revenue and Customs (HMRC) has reminded businesses of changes to the rules on VAT which mean that many must now file returns and make payments online. Under the new rules, existing VAT-registered businesses with annual turnovers of £100,000 or…