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...

VAT on Packaging: Do you need to charge it?

by | Dec 7, 2021 | Blog, VAT

There are some sales of zero-rated items, such as food and books. In the weeks leading up to Christmas, these sales will increase. The VAT on packaging for these goods might also be zero-rated. Is this assumption accurate? HMRC policy  VAT Notice 700 states clearly:...