UK Accountant Resources

Overview of VAT Penalties

by Tax Consultant | Sep 21, 2023 | Blog, Tax Representative, UK accountant, VAT

New VAT penalties regime introduced in the UK has put VAT registered businesses under more pressure and set stricter rules for accurate and timely VAT returns. CRIMINAL OR CIVIL PROSECUTION In cases where HMRC is aware of a VAT compliance issue, it may impose a civil...

VAT Registration Helpline Closed

by Tax Consultant | May 24, 2023 | HMRC News, News, Tax Representative, UK accountant, VAT

VAT registration helpline to close on Monday 22 May, giving agents and taxpayers only five days’ notice. In order to register for VAT, taxpayers are advised by HMRC to use the “Where’s my reply” online service instead of the VAT registration...

Managing an HMRC inspection

by Tax Consultant | Apr 3, 2022 | Blog, UK accountant, VAT

HMRC is no longer using its light touch when it comes to debt collection during the pandemic фтв HMRC inspection, What will you now experience if HMRC knocks on your door? How should you handle a visit from a field officer? The “field force” In the wake of removing...

Partial Payments versus VAT Bad Debt Relief

by Tax Consultant | Aug 11, 2021 | Blog, UK accountant, VAT

If you have supplied goods of services to a customer, you will need to account for VAT by declaring it in your next VAT return. If you do not get paid by the due date, you may be able to claim a VAT bad debt relief on the amount of VAT you have already paid. You may...

VAT after Brexit Can Become Messy

by Tax Consultant | Nov 1, 2020 | Blog, Brexit News, UK accountant

Once we leave the Single Market, VAT could be harder to deal with than customs. VAT after Brexit can become messy. As our hopes of a Brexit deal fade into the distance, UK businesses only have a few months to make huge changes to their VAT accounting systems. As of...

New trade arrangements with the EU from 1 January 2021 for VAT registered businesses

by Tax Consultant | Oct 22, 2020 | Brexit News, News, UK accountant, VAT

There are now just 2 months left for you to ensure we are ready for the new tax and customs rules. The new rules will allow you to continue to trade with the European Union from the 1st of January 2021 if you are a UK VAT registered business. We have previously...

Overview of VAT Penalties

VAT Registration Helpline Closed

Managing an HMRC inspection

Partial Payments versus VAT Bad Debt Relief

VAT after Brexit Can Become Messy

New trade arrangements with the EU from 1 January 2021 for VAT registered businesses

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