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How to Get Your VAT Registration with Less Pain

How to Get Your VAT Registration with Less Pain

by Tax Consultant | May 22, 2023 | Blog, HMRC News, News, Tax Representative, VAT

This guide explains how the VAT registration process has changed for overseas sellers. A UK VAT registration is a crucial step for overseas businesses wishing to enter the UK market. Getting the application right is equally important. A crucial update is necessary to...

Update on Changes to VAT Penalties and Interest from 1st of January 2023

by Tax Consultant | Mar 31, 2023 | HMRC News, News, VAT

New penalties have been introduced for submitted VAT returns and paying VAT late from 1st of January 2023. The new system replaced the default surcharge, The new system will now apply for nil and repayment returns. To avoid penalties you need to: Submit your VAT...
New Penalties Regime for Late VAT Returns and VAT Payments

New Penalties Regime for Late VAT Returns and VAT Payments

by Tax Consultant | Dec 15, 2022 | HMRC News, News, VAT

  We bring it to the attention of all out clients that after 1 January 2023, late VAT payments or late VAT returns will be subject to new penalties instead of the default surcharge. In addition, VAT Interest will be calculated in a different manner.   Who is...

Customs Declaration Service – Take action now to continue importing goods 

by Tax Consultant | Aug 15, 2022 | HMRC News, News

Take action now to continue importing goods   It is time for you to move to Customs Declaration Service. The UK will no longer allow you to import goods from 1 October 2022 if you do not comply. Even if you use a customs agent for customs declarations, you must still...

Understanding the crypto crash – and what comes next

by Tax Consultant | Jun 18, 2022 | Blog, Crypto

Despite many challenges for accountants, crypto currencies remain a serious investment vehicle Last month, after a crypto crash that saw half a trillion dollars wiped off the total market cap overnight, the rise and fall of cryptocurrencies hit the buffers once again,...
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Recent Posts

  • Selling into the UK. What you need to know about VAT in the UK?
  • What you need to know about Reverse Charge VAT?
  • End of VAT Services on Amazon UK. How to remain compliant?
  • How to Deal with VAT Inspection?
  • Why are you still physically paying import VAT? Utilise Postponed VAT Accounting!
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