Early in the COVID-19 pandemic, the Chancellor reduced the rates of VAT for the leisure and hospitality sector to just 5%. That reduced rate applied from 15 July 2020 until 30 September 2021 when the rate was increased to the current 12.5%. However, the rate is...
HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK which, since Brexit, includes the European Union. Businesses registered for VAT in the UK can account for import VAT on their VAT Return for goods imported into:...
All our resources relating to COVID-19 and the ongoing pandemic in one place/ What would you like help with? General Guidance VAT Self Employed Job Retention Scheme SEIS...
Last updated: 25/03/2020 We appreciate these are very challenging and uncertain times for individuals and businesses and are really hoping that the situation improves sooner rather than later. Rest assured that we are here to help as much as we can. As such, in...
For VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses) your accounting systems must use digital links for any transfer or exchange of data between software programs, products or applications used as functional compatible...
