Changes to VAT penalties and interest from 01 January 2023

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

|

New VAT penalty regime and other VAT news

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

1.25% increase to NIC and dividend tax ratesĀ 

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

Budget 2021

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

| |

Update on Government schemes in response to COVID-19

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

Dividend 2017/18 and 2018/19

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

Autumn Budget 2017

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…

Changes to flat-rate VAT in more detail with examples

The VAT reverse charge HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021.The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part of this type of fraud, VAT is charged by a supplier, who…