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Below you'll find a list of all posts that have been categorized as “VAT News”
The French Tax Administration has announced that effective 1st January 2022, all import VAT will be mandatorily deferred to the French VAT return via the declaration of an import VAT reverse charge. So, what is import VAT reverse charge? The import VAT reverse charge is an existing mechanism in France, …
It may seem like only yesterday that the new One-Stop Shop system came into effect for European VAT payments, but the first set of OSS filing deadlines is already upon us. Read on to find out more about the upcoming deadlines for OSS and IOSS and how you can make …
Over half a million businesses that deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments, HMRC has announced. To take advantage of the new payment scheme businesses will need to have deferred VAT payments between March …
The twice-delayed introduction of the domestic VAT reverse charge for construction services will come into effect on 1 March 2021. The change was originally scheduled to come into effect from 1 October 2019 but was deferred for 12 months after industry bodies highlighted concerns about the lack of preparation and …
Come cambieranno il commercio e l’IVA nel Regno Unito dopo Brexit? Questa è la domanda che molte aziende italiane si stanno chiedendo a seguito dell’uscita della Gran Bretagna dall’Unione Europea, avvenuta ufficialmente il giorno 31 dicembre 2020. L’accordo commerciale raggiunto il 24 dicembre 2020 è “a tariffa e a quota …
HMRC has written to VAT-registered businesses that trade with the EU outlining how they should prepare for Brexit trading changes set to take effect from 2021. The letters have been sent to VAT-registered businesses in Great Britain trading with the EU, or with the EU and the rest of the …
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged businesses to ensure that they understand the interaction between VAT and the government’s Eat Out to Help Out scheme. The new Eat Out to Help Out discount is applicable to food and/or non-alcoholic drinks purchased for immediate consumption …
The Treasury has outlined the next steps in its plan to create a ‘modernised digital tax system fit for the 21st century’. The Treasury said that HMRC’s Making Tax Digital (MTD) initiative will be gradually extended. Currently, businesses above the VAT threshold of £85,000 are required to comply with Making …
The Treasury has extended the temporary scrapping of VAT on personal protective equipment (PPE) until the end of October. The decision comes after a temporary zero-rate of VAT was applied to PPE sales for an initial three months from 1 May to 31 July. The government previously removed import duties …
A survey commissioned by HMRC has found that a lack of knowledge amongst UK businesses has contributed to Making Tax Digital for VAT (MTD for VAT) non-compliance. According to the survey, 16% of firms mandated to sign up to MTD for VAT have so far failed to do so. Independent …
