VAT: Refunds to overseas bank accounts

VAT: Refunds to overseas bank accounts

by | Jun 1, 2022 | Blog, VAT

VAT refunds can now be paid to overseas bank accounts thanks to an update to HMRC’s banking system. Entering details in the system isn’t always easy, however.  The result of Brexit has been an increase in overseas businesses registering for VAT in the UK....
Managing an HMRC inspection

Managing an HMRC inspection

by | 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...
VAT Making Tax Digital Update

VAT Making Tax Digital Update

by | Jan 23, 2022 | News, VAT

VAT registered businesses are required to report Value Added Tax details digitally starting on 1 April 2022. Now, for the first time, businesses that are below the UK VAT registration threshold of £85,000 but have opted to voluntarily register for VAT will be subject...