01983 614108

Brexit customs regime takes shape

by | Dec 12, 2017 | ACCA, business issues, VAT

New UK trade and tariff regime outlined in bill.  The Taxation (Cross-Border Trade) Bill was issued on 21 November. It creates a new UK customs regime, based on but independent of EU law, with a prevailing focus on continuity for UK business. However, as the bill...

Budget: VAT roundup

by | Dec 1, 2017 | ACCA, budget, VAT

Changes made (or signalled) to thresholds, EU imports, vouchers and refunds. Two-year threshold freeze  In response to the announcement of a VAT simplification by the Office of Tax Simplifcation (OTS) earlier this month, the chancellor has decided to freeze the VAT...

VAT on e-commerce transactions

by | Nov 20, 2017 | ACCA, VAT

How the VAT regime applies to digital services. The core of the VAT regime applying to services is the concept of the place of supply. Place of supply In simple terms, a place of supply is the place where the supplier or the customer (business or non-business)...