The deadline for deferred VAT is fast approaching. Find out what your options are when you need to take action to avoid penatlies/interest.
14 Feb
<h1 class="entry-title">Category: VAT</h1>
11 Apr
Business Support: VAT deferral & Cash Grants
Cash is king! Find out to defer VAT and how to obtain cash grants.
03 Feb
Importing Goods from Outside the EU – Important Steps
The following is for guidance purposes only and should not to be taken as exhaustive. Register your business for importingMost businesses will require an EORI number to import goods into the UK. You do not have to be VAT registered to obtain an EORI number. Decide who will make customs declarations and transport the goodsMost […]
24 Jan
Changes to EU sales reporting
If you’re registered for VAT, your VAT return must include figures for EU purchases and sales, but you might also be required to provide EC sales list or intrastate reports. When do these apply?
24 Oct
VAT Scheme for Amazon Sellers
Tax does not have to be Taxing! Many sellers on Amazon, who are registered for VAT usually register for the Flat Rate Scheme to benefit from the reduced VAT percentage of 7.5% instead of the default 20%. Although the Flat Rate Scheme allows you to pay VAT at a lower rate than the default 20%, […]
08 Oct
Import VAT on Parcels – Goods sold to UK customers
In the event that the UK leaves the EU without a deal – non-UK based Businesses that sell to UK customers with parcel contents of less than £135 or less, will be required to pay import VAT. For the purposes of this legislation, parcels include letters, packages, packets and any other article that could be […]
06 Sep
MTD for VAT : Making Tax Digital or Making Tax a Disaster?
After the announcement of MTD for VAT, there was widespread outcry on the administrative and financial burden that it would place on both Accountants and owners of small businesses.It has been six months since MTD for VAT has gone live and we can look back and review the process and share our experiences.