UK VAT is different (after all) for Making Tax Digital

I had been feeling increasingly worried about HMRC’s Making Tax Digital proposals as – despite various efforts – they seemed to be ignoring the very idea that VAT accounting can be complicated.  What relief to read this in the recently […]

Prospect of Simple UK VAT

Good news that the complicated bits of VAT are being reviewed by the Office of Tax Simplification to ‘ensure that the system is fit for purpose’.  This is not a VAT rate review but maybe owes something to Brexit? You […]

Late UK VAT returns – no excuses!

Penalties for late VAT payments still apply even if an employee hides the facts from the company directors. You just can’t abdicate from being responsible for making sure VAT is being handled properly. The Damn Yankee Limited (TC05495) failed in […]

UK VAT Flat Rate cost increased

The VAT flat rate percentage is rising to 16.5% in April 2017 for registrations that don’t buy in goods. If you know anyone using the scheme they need to keep their eyes peeled for news on this cost increase.  To […]

UK VAT-free new cars

Although you might know that VAT can be claimed on business cars, please don’t think the claim comes without strings attached. In three recent cases the tribunal looked at the rules in detail with mixed results for the taxpayer. In […]

UK VAT Annual Accounting – is it just too risky?

HMRC have introduced an on-line system for annual accounting applications but can this actually be good news? Better have a good look before you leap! At least if you have to do quarterly returns the accounting records will be fairly […]