Reverse charge VAT for builders delayed

Sep 9, 2019 |

Reverse charge VAT for construction services has been delayed by a year, just three weeks before it was due to take effect. The way VAT is collected in the building and construction industry was due to change on 1 October 2019. Industry campaigners had expressed...

MTD and Brexit cause HMRC helpline delays

Jul 5, 2019 |

Business owners calling HMRC's VAT helpline for assistance have experienced increasing delays in the first part of this year, with Brexit and Making Tax Digital (MTD) putting pressure on resources. Correspondence from HMRC to the Treasury select committee shows...

Early MTD sign-ups could result in penalties

Apr 30, 2019 |

Businesses that signed up to Making Tax Digital (MTD) before they were ready to meet the requirements could risk incurring penalties, the Association of Taxation Technicians (ATT) has warned. MTD for VAT came into force on 1 April 2019, requiring VAT-registered...

Early MTD sign-ups could result in penalties

Apr 30, 2019 |

Businesses that signed up to Making Tax Digital (MTD) before they were ready to meet the requirements could risk incurring penalties, the Association of Taxation Technicians (ATT) has warned. MTD for VAT came into force on 1 April 2019, requiring VAT-registered...

Businesses urged to reclaim EU VAT before Brexit

Feb 22, 2019 |

Businesses that need to claim back VAT on expenses from working in the EU are being urged to do so before the planned date for Brexit. The Chartered Institute of Taxation (CIOT) is urging businesses to submit their claims for 2018 by 5pm on 29 March 2019, to avoid...
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