VAT

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Image for budget 2018 vat threshold frozen ps85k until 2022

Tax | Budget 2018: VAT threshold frozen at £85k until 2022

Chancellor Philip Hammond has confirmed that the VAT threshold will stay at the current level of £85,000 for a further two years until April 2022 after a call for evidence did not provide a clear option for reform

29 Oct 2018

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Image for editors comment only beginning making tax digital

Tax | Editor’s comment: only the beginning for Making Tax Digital

As HMRC launches the full trial for Making Tax Digital for VAT, nearly a million businesses can now test out the VAT quarterly reporting system which will be mandatory from April 2019. Sara White considers the longer term HMRC approach to digital tax reporting

25 Oct 2018

Tax | Croner-i launches interactive Navigate Tax tool

Croner-i has launched Navigate Tax, a brand new interactive online system packed with practical modules for busy tax practitioners

24 Oct 2018

Tax | MTD ‘heading for a giant car crash’ warns Lords committee

HMRC has only fully tested 23 software products compatible with Making Tax Digital (MTD) due to delays in rolling out the full trial and there is still widespread lack of awareness of the programme, Lords warn

23 Oct 2018

Tax | Lords to grill HMRC over Making Tax Digital progress

Senior executives from HMRC and the Treasury will give evidence on the balance of power between HMRC and the taxpayer and progress on the rollout of Making Tax Digital (MTD) for VAT to a House of Lords select committee this afternoon

22 Oct 2018

Tax | Asquith: Making Tax Digital for VAT is only the beginning

HMRC has the technology to roll out Making Tax Digital faster, as with pre-approved invoicing in Italy and Spain, but is treading carefully, says Richard Asquith, vice president of global tax compliance at Avalara

22 Oct 2018

Tax | Budget scheduled for 3:30pm on 29 October

Although traditionally announced in the early afternoon after PMQs, the Treasury has confirmed that the Chancellor will deliver his Budget at 3:30pm on Monday 29 October

19 Oct 2018

Tax | AAT launches software guide to Making Tax Digital

The Association of Accounting Technicians (AAT) has launched a detailed guide to help accountants and bookkeepers prepare clients for the first implementation phase of Making Tax Digital

19 Oct 2018

Tax | Making Tax Digital for VAT pilot now live for businesses

The pilot is intended to allow up to 500,000 businesses to get fully involved with Making Tax Digital (MTD) for VAT and test it in full ahead of the April 2019 introduction of the system

16 Oct 2018

Tax | Lords committee told 'less than 15%' of businesses prepared for MTD

A Lords sub-committee has taken evidence from experts on the digitisation of VAT returns by businesses with turnover above £85,000, which is due to begin in April 2019, and information provided by HMRC on the preparations they need to make

16 Oct 2018

Tax | EU adopts proposal to cut VAT on e-books

The Professional Publishers Association (PPA) has welcomed an EU decision to reduce VAT on online publications, including electronic books, newspapers and periodicals

11 Oct 2018

Tax | Q&A: a building for a charity – VAT or not?

If a charity rents out a building from a commercial property company are they liable for VAT on the rent? Vivienne Scott, VAT adviser at Croner Taxwise, explains the VAT liability issues for charities and property owners

9 Oct 2018

Tax | The tax implications of creating a permanent establishment

Allan Cinnamon, former head of international tax at BDO, looks at the case of a niche book business navigating cross-border distribution, and tax in foreign jurisdictions, by establishing an international presence

8 Oct 2018

Tax | Making Tax Digital for VAT - practical examples

Stan Dencher, specialist tax writer at Croner-i examines some practical examples of how Making Tax Digital for VAT will change the way companies submit their quarterly VAT numbers via digital reporting from 1 April 2019

4 Oct 2018

Tax | Avalara launches free Excel Add-In for Making Tax Digital for VAT

US software developer Avalara is set to disrupt the market with the launch of a free Excel extension for Making Tax Digital for VAT which will allow companies to upload Excel data directly into HMRC's VAT filing API using a Microsoft Add-In, reports Sara White

3 Oct 2018

Tax | Q&A: VAT liability when working on goods from outside the EU

What happens when a client has a high performance sports car, for example, which can only be serviced in the UK, and they live in Guernsey. Arti Sonpal, tax adviser at Croner Taxwise, asks whether VAT is liable for the work

2 Oct 2018