VAT - Bramleys | Chartered Accountants

Deferred VAT Update

Sharif Ali — Sun, 14 Feb 2021 17:21:51 +0000

The deadline for deferred VAT is fast approaching. Find out what your options are when you need to take action to avoid penatlies/interest.

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Business Support: VAT deferral & Cash Grants

Sharif Ali — Sat, 11 Apr 2020 15:18:00 +0000

Cash is king! Find out to defer VAT and how to obtain cash grants.

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Importing Goods from Outside the EU – Important Steps

Sharif Ali — Mon, 03 Feb 2020 17:32:55 +0000

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 […]

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Changes to EU sales reporting

Sharif Ali — Fri, 24 Jan 2020 17:37:18 +0000

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?

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VAT Scheme for Amazon Sellers

Sharif Ali — Thu, 24 Oct 2019 16:43:36 +0000

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%, […]

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Import VAT on Parcels – Goods sold to UK customers

Sharif Ali — Tue, 08 Oct 2019 16:08:01 +0000

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 […]

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MTD for VAT : Making Tax Digital or Making Tax a Disaster?

Sharif Ali — Fri, 06 Sep 2019 09:19:34 +0000

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.

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