08 Dec 14
The EU VAT place of supply of services rules relating to business to customer supplies for digital services are due to change from 1 January 2015.
07 Sep 15
A client recently sent me an email showing a terrifying demand from the Irish tax office for over 1 million Euros under the VAT MOSS scheme which was payable within 10 days. This was a shock as the client had already paid over their VAT MOSS bill for the quarter through the UK system which totalled less than £50!
14 Jun 16
The Flat Rate Scheme for VAT is an extremely popular scheme for smaller businesses. This is partly due to the scheme making the completion of VAT returns much simpler and reducing the risk of error; but also for a number of businesses it can generate an additional source of income.
22 Sep 16
The compulsory VAT registration threshold is £83,000. You must register for VAT if:
your VAT taxable turnover is more than £83,000 in a rolling 12 month period
you receive goods in the UK from the EU worth more than £83,000
you expect to go over the threshold in a single 30 day period
25 Nov 16
It appears many small businesses are going to suffer following the announcement in the Autumn Statement that there is to be a change to the flat rate scheme for businesses with a “low cost”.
23 May 17
Thinking of leaving the VAT Flat Rate Scheme but haven't got round to it yet?