VAT / February 26th 2019

BREXIT – VAT update – important information for businesses moving goods between the EU and the UK

The UK will soon be leaving the European Union. While the details and timings of Brexit remain a topic of parliamentary debate, at this stage it appears the UK will leave one way or another. There is a high chance that the UK will be leaving the European Union without any transitional arrangements which you will have hea

A number of our clients that operate VAT groups have been enquiring whether Sage 50 will be able to manage the submission of group VAT under Making Tax Digital (MTD). You will be pleased to know that it can via the MTD submission module.  You will of course need to download the required add-on. The process is straigh

Quite simply, the MOSS system is a simplified way to declare and pay the VAT you owe across the EU in one place, normally in the country where you are also established, and VAT registered. As is always the case with VAT, the detail is somewhat more tricky to follow. One of the key concepts in VAT is the “place of su

A typical situation exists where a foreign ecommerce company needs to segment its payment processing in order to protect its ability to collect money from its clients. Reasons for doing so vary: Spreading the chargeback risks across a number of entities. Visa appear to have more relaxed rules in the UK than some oth

Of all the taxes in the UK, most of all newly incorporated business are interested in finding out more information regarding VAT (or Value Added Tax). When you operate a business, it is important to understand the rules, requirements, possible advantages and disadvantages of becoming a VAT registered business. Should I

Businesses that operate in the UK and have “taxable supplies” are only required by law to be VAT registered broadly if they turn over £83,000 per annum. This means that very small businesses do not need to be VAT registered, although they are entitled to do so on a voluntary basis should they wish to do so. However, t

Okay you have got your brilliant idea and have set up your company as this is the way you are going to make it big. But now you are a director there are certain obligations under company and tax law that you are going to need to comply with. (more…)

The alternative lending business contains a number of specific tax issues and opportunities and it is understanding these, planning accordingly and meeting the compliance requirements that are going help you to minimise your tax liabilities. (more…)

Do I fancy that slice of birthday cake your colleague just bought into the office? Or do I fancy just one more biscuit to dunk in my morning tea? (more…)

When you set up a company you may consider registering for VAT. This is a tax charged on VAT taxable goods and services that are sold by VAT-registered companies to both business and non-business customers in the UK. It can also be charged on goods and services imported from other EU countries. VAT registered companies gene