Category Archives: VAT

Are You Prepared For Change In VAT Rules?

are you prapared for change in VAT rules?

VAT domestic reverse charge applies 01 March 2021 In the 2017 budget, the Government announced a VAT reverse charge to combat “missing trader” fraud.  The scheme is called VAT reverse Charge and the date of implementation is 01 March 2021. In simple words from 1 March 2021, the domestic VAT reverse charge must be used […]

Making Tax Digital – Are You Ready?

  Many small business owners are still not aware of Making Tax Digital (MTD). From April 2019, VAT registered businesses with turnover over £85,000 will be required to keep a digital record of their VAT transactions, and submit their VAT returns using Making Tax Digital compliant software. As the MTD deadline approaches, here is what […]