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VAT special schemes

by | Jun 21, 2018 | ACCA, business issues, VAT

Businesses could benefit from considering these special schemes. As the Making Tax Digital (MTD) for VAT April 2019 date looms large (coupled with delays to HMRC’s digital projects) it is worthwhile looking at VAT special schemes. A number of special schemes are...

MTD for VAT is coming

by | May 29, 2018 | ACCA, business taxation, VAT

Since mainstream Making Tax Digital (MTD) was delayed, time has passed quickly and many businesses thoughts have passed to more pleasant things like tax returns and GDPR! But MTD is back on the horizon and it will impact on VAT shortly. What changes does MTD for VAT...

Option to tax and recovery of input tax

by | May 15, 2018 | ACCA, VAT

HMRC dispels some common myths. The option to tax and its effects has always been a very complicated subject. As property is usually valuable, an error or a misunderstanding can be costly. The legislation How the option to tax works is specified in VAT Act 1994,...

VAT evasion clampdown

by | Dec 15, 2017 | ACCA, VAT

Online fraud comes in for battery of anti-evasion moves. The government has announced two major changes in its anti-VAT fraud measures as a result of consultations earlier this year. These are: 1. Reverse-charging in construction A new VAT domestic reverse charge will...