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How to win MTD exemption

by | Nov 27, 2018 | ACCA, VAT

Making Tax Digital exemption need greater than for online VAT filing. With the timetable for Making Tax Digital (MTD) confirmed, most smaller businesses must implement full digital record-keeping from April 2019, and those that haven’t begun preparations should...

VAT MOSS under a no-deal Brexit

by | Nov 20, 2018 | ACCA, budget, VAT

How the VAT Mini One Stop Shop scheme will work in a no-deal Brexit scenario. The guidance issued by the government to businesses and consumers on how to prepare if the UK leaves the EU with no deal covers a number of areas, including VAT Mini One Stop Shop (MOSS)....

VAT: treatment of vouchers

by | Nov 14, 2018 | ACCA, budget, VAT

Rules for the tax treatment of vouchers will be simplified from January. The government will implement an EU Directive on the VAT treatment of vouchers in time for the required date of 1 January 2019. This will simplify the rules for the tax treatment of vouchers,...

VAT vs. Brexit

by | Sep 25, 2018 | ACCA, business issues, VAT

What happens to VAT if there is no deal? Last month, the Department for Exiting the European Union issued guidance on how to prepare for Brexit if there is no deal. ACCA issued a statement highlighting the main impact on the VAT situation once UK is out of the...

Preparing for Brexit

by | Sep 24, 2018 | ACCA, business issues, VAT

Preparing for Brexit A look at government guidance, including on VAT MOSS. The guidance issued by the government to businesses and consumers – How to prepare if the UK leaves the EU with no deal – contains guidance on each of the following areas: applying for...

Update on option to tax

by | Jul 9, 2018 | ACCA, property taxation, VAT

Property VAT and option to tax can be a challenging area. VAT reform is never out of the news and many areas are highlighted as needing simplification. The current complexities and solutions to the most common challenges faced by businesses and advisers on property...