VAT Resources

Why are you still physically paying import VAT? Utilise Postponed VAT Accounting!

by Tax Consultant | Apr 23, 2024 | Blog, VAT

What is Postponed VAT Accounting (PVA)? Postponed VAT Accounting (PVA) enables businesses to account for import VAT on their VAT return rather than pay it upfront when goods reach the border. Businesses can defer import VAT payment until they file their next VAT...

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 Questions in Post-Brexit Reality

by Tax Consultant | Jul 7, 2023 | Blog, VAT

The UK has been out of the EU for over two years now. The time has flown by. In terms of VAT, little has changed, except for the reduction in VAT rate on tampons from 5% to 0%. The reality, however, is that many transaction deals are handled differently. Our clients...

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...

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...

Why are you still physically paying import VAT? Utilise Postponed VAT Accounting!

Overview of VAT Penalties

VAT Questions in Post-Brexit Reality

VAT Registration Helpline Closed

How to Get Your VAT Registration with Less Pain

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

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