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Tax | VAT updates: February 2021

VAT expert Graham Elliott, head of City and Cambridge Consultancy, analyses VAT compliance rules on second hand car dealers in Northern Ireland to a tribunal ruling on Colchester Institute

1 Feb 2021

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Tax | Q&A: top five Brexit questions from our VAT helpline

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, explores the most answered Brexit questions from the VAT advice helpline, covering tax on sales, B2C services and more

26 Jan 2021

Tax | Call for HMRC to extend self assessment deadline

ACCA has added its voice to calls for HMRC to extend the deadline for self-assessment tax returns on January 31, with the professional body warning that failure to do so could land millions of hard-hit entrepreneurs with fines totalling £250m

19 Jan 2021

Tax | Q&A: freight transport changes

In our regular Q&A series, Croner Taxwise, VAT adviser, Arti Sonpal, explores changes to the VAT liability of supplies following the end of the Brexit transition period

19 Jan 2021

Tax | Post Brexit VAT and the financial services sector

Suppliers of financial services to EU customers will be able to recover VAT on their costs from 1 January 2021 as rules will align with non-EU 27 providers. Kevin Hall, partner at Wright Hassall, explains

12 Jan 2021

Tax | Feedback sought on VAT and value shifting rule changes

HMRC is consulting on planned revisions to the rules for apportioning the VAT consideration between supplies with mixed liabilities in a single transaction, in a bid to tackle ‘inappropriate’ value shifting when providing bundles of goods or services

7 Jan 2021

Tax | HMRC: less than a month to file tax return

Around 5.4m taxpayers have less than a month (25 days) to complete their self assessments ahead of the 31 January deadline

6 Jan 2021

Tax | ‘Tampon tax’ abolished

Following the UK’s departure from the EU, the government has honoured its commitment to remove VAT from women’s sanitary products, ending the so-called ‘tampon tax’

5 Jan 2021

Tax | Q&A: VAT changes to B2C professional services

In our regular Q&A series, Croner Taxwise, VAT adviser, Priyesh Mistry, explores whether accountants continue to charge UK VAT on tax returns for individuals living in the EU, or if they become the same as the work for non-EU clients

5 Jan 2021

Tax | 2,700 taxpayers file returns on Christmas Day

Over 2,700 taxpayers took time out from their Christmas Day festivities to go online to file their self assessment tax return, HMRC has revealed

4 Jan 2021

Tax | Making Tax Digital: what's the long-term plan for corporation tax?

The ambitious plan to make UK tax fully digital for reporting purposes may have been delayed by the pandemic, but HMRC is still prioritising MTD for income tax and corporation tax. Croner-i tax writer Meg Wilson takes stock

22 Dec 2020

Tax | Q&A: VAT implications of the Northern Ireland protocol

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, clarifies the post-Brexit VAT rules for clients based in Northern Ireland who both supply goods to and buy from mainland UK and the Republic of Ireland

22 Dec 2020

Tax | Proposals to widen HMRC’s information gathering powers ‘flawed’

Plans to increase HMRC’s civil information powers have been sharply criticised as ‘flawed’ in a House of Lords report, which also calls for tougher action on a ‘hardcore’ of tax avoidance promotors

21 Dec 2020

Tax | Tax updates 2020 part 2: business

In a round-up of the major business tax stories of the year, we look at non-coronavirus tax news, including SME R&D tax relief cap, IR35 reporting delay, Making Tax Digital (MTD) timetable for corporation tax, carbon emissions review and digital services tax

16 Dec 2020

Tax | Post Brexit tips on VAT and exports to EU

Kevin Hall, partner at Wright Hassall, examines how to account for VAT on exports and EU VAT obligations from 1 January 2021 after the Brexit transition period ends

16 Dec 2020

Tax | Q&A: fitted furniture and reduced-rated building work

In our regular Q&A series, Croner Taxwise senior VAT consultant, Vivienne Scott, answers whether VAT should be charged on fitted furniture in renovated and converted houses

15 Dec 2020