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VAT
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08-08-2019

HMRC has issued a last-minute update to its guidance stating that it will not be sending out confirmation emails on receipt of Making Tax Digital for VAT submissions


18-02-2019

HMRC have published a new VAT notice about import VAT on parcels imported into the UK in the event of a no deal Brexit.

VAT notice 1003 Import VAT on parcels you sell to UK buyers (14 February 2019) explains how to pay import VAT on goods sold and sent to UK buyers by businesses based outside the UK, if the UK leaves the EU without a deal.

HMRC have also published two related guides on how to Register for import VAT on parcels you sell to UK buyers and how to Manage your import VAT on parcels.

View the notice at Import VAT on parcels you sell to UK buyers (VAT notice 1003).


07-01-2019

Information has been updated in section 14 to reflect changes to the VAT rules for supplies of digital services and the eligibility for non-EU businesses to use the VAT Mini One Stop Shop (VAT MOSS).. To view the new guidance click here.

03-04-2018

The VAT road fuel scale charges are amended with effect from 1 May 2018. Businesses must use the new scales from the start of the next prescribed accounting period beginning on or after 1 May 2018. For the new rates click here.

13-04-2017

HMRC have released the updated VAT Fuel Scale Charge rates, to apply from 1 May 2017.  To view the updated rate click  here

10-04-2017

HMRC have republished the Flat Rate Scheme guidance leaflet 733 on 3 April 2017.  This follows the changes introduced in respect of "Limited Cost Businesses".  See para 4.4.
For the complete guidance leaflet click here.

27-03-2017

HMRC Have updated their guidance to correct VAT errors and make adjustments or claims.  To view the updated guidance leaflet 700/45 click here.

27-03-2017

The VAT road fuel scale charges are amended with effect from 1 May 2017. Businesses must use the new scales from the start of the next prescribed accounting period beginning on or after 1 May 2017.   To view the new scale charges applicable to the period 1 May 2017 to 30 April 2018 click here.

28-02-2017

HMRC have finally updated their Flat Rate Scheme VAT Notice 733 to provide some much needed further guidance for businesses who may be affected by the “Low Cost Trader “ provisions.

Section 4: Determining your flat rate percentage has been updated by the addition of paragraphs 4.4, 4.5 and 4.6.   These provide Information on determining whether you are low cost trader,  how to treat VAT returns spanning the 1st April when the changes come into force, and examples of relevant goods (and supplies which will not be relevant goods).  For more information click here.

12-12-2016

HMRC have now issued guidance as to when the new 16.5% rate will be appropriate.  To view the guidance click here.

For all VAT registered traders currently using the Flat rate Scheme (FRS), you will need to consider when the new provisions apply, how they will affect you and if appropriate, action to be taken before 1 April 2017 when the new rules apply.


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