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Archive of articles and guides on Value Added Tax (VAT) issues for UK small business owners. Topics covered include charging VAT on services and goods, VAT registration, thresholds, taxable turnover, dealing with mistakes and HMRC, and many other related questions.

Making Tax Digital

What is the HMRC penalty system for Making Tax Digital?

HMRC’s new penalty regime is intended to be fairer and less severe in order to promote more timely submissions. We explain how it works and when it comes into force

Making Tax Digital

Making Tax Digital for VAT: 6 simple tips to get your business ready

Is your business ready for Making Tax Digital for VAT? From 1 April 2022, all VAT-registered businesses must comply

Tax

Do I have to charge VAT?

Brexit, new construction rules, and more businesses moving online during Covid, have made VAT rules even more complex. Here is a simple guide.

Making Tax Digital

Making Tax Digital April 2022 – what’s changing

From April 2022, every small business which charges VAT will have to file accounts through the HMRC Making Tax Digital system. Here’s how to prepare

Accounting

New EU VAT regulation – how accounting software can help

The new EU VAT regulation came into force on July 1st 2021. What does this mean for small businesses and how can accounting software help?

Accounting

The EU VAT e-commerce package: how accounting can help

The EU is expanding the ‘one-stop’ system for reporting and paying VAT across the bloc to include all distance sales of services and intracommunity sale of goods. The updated schemes are together known as the EU VAT E-commerce Package. What does it mean for UK businesses and how can you adapt?

Accounting

HMRC to go easy on small business strangled with Covid debt

Kwasi Kwarteng, the business secretary, says HMRC will not press businesses to pay overdue tax immediately if they’re struggling with coronavirus-related debt

News

Kevin Hollinrake calls for abolition of business rates

Increasing VAT by 3% to 23% would cover the £3bn raised each year through business rates, says influential MP

Export & Import

Half of small business exporters struggling with new rules post Brexit

Increased paperwork, costs, delays and confusion over rules cited at stumbling blocks in British Chambers of Commerce survey.

Accounting

How to avoid paying £130,000 in VAT registration fees if you export to EU

UK small businesses face having to register for VAT in each EU country they sell direct to, which could cost tens of thousands of pounds for the privilege of paying tax in Europe

News

Businesses ‘crippled’ by Tier 4 call for more government help

Retail alone facing £2bn in lost sales each week as tough Tier 4 restrictions are imposed across London and South East

Tax

Treasury eyes hitting self-employed gig workers with VAT charge

Slapping VAT on self-employed gig economy drivers or plumbers could rake in £20bn a year for empty Treasury coffers

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