Search

Reset
Displaying 10 of 16 results
Response to HMRC IPT consultation
Justine McInnes

Insurance Premium Tax is a complex and unusual tax in that while it is the underwriter which is usually the “taxpayer” for IPT purposes, it is generally the broker which bears at least part of the cost of the IPT.

75 per cent of financial firms at risk of missing digital VAT deadline
John Forth

12 July 2019

New figures from HMRC have revealed that three quarters of VAT-registered financial firms have yet to sign up for Making Tax Digital and risk missing the deadline to do so.

Good VAT news for financial services providers
John Forth

08 March 2019

Draft legislation issued last week appears to be very good news for FS providers who supply services to recipients located in the EU, and who currently suffer a significant VAT cost on such supplies – resulting from VAT recovery on the costs associated with these supplies being blocked.

Making Tax Digital – relaxation period for complex organisations

16 February 2019

HMRC announced on 16 October 2018 that certain VAT registered entities that are deemed to be ‘complex’ will benefit from a six month deferral in relation to complying with the new rules for Making Tax Digital (MTD) for VAT.

Read more
Making tax digital for VAT - 6 month deferral for complex businesses

03 December 2018

Making Tax Digital for VAT has been deferred for 6 months for organisations considered as having ‘complex requirements’. The decision to delay mandatory MTDfV was based on ensuring complex organisations have sufficient time to test their software solutions and HMRC’s service before they are required to join MTDfV. Find out why this is important and how we can assist.

When do you need to be MTD ready?
John Forth

For those VAT registered businesses which are deemed to be 'complex' then they will need to ensure that they are MTD compliant for the first VAT return beginning on or after 1 October 2019. All other businesses which are required to be registered for VAT will be still be subject to the original deadline and will need to ensure that they are MTD compliant for the first VAT return beginning on or after 1 April 2019.

880,000 VAT-registered businesses unprepared for new digital tax rules
John Forth

03 October 2018

New analysis from audit, tax and consulting firm RSM suggests there could be as many as 880,000 VAT-registered businesses in the UK that are unprepared for new digital taxation rules which come into force from April next year.

Italian VAT decision could have implications for insurers and brokers
Justine McInnes

05 July 2018

Insurers, insurance brokers and outsourcing businesses who operate in Italy are advised to take note of a recent decision of the Italian Supreme Court (Cass No. 11442).

Making Tax Digital (MTD) Readiness Review
John Forth

The MTD Readiness Review provides a clear route to MTD compliance. The Review assesses your organisation’s current VAT processes and identifies the steps required to be taken to become MTD ready.

Making Tax Digital (MTD) - VAT

25 June 2018

From April 2019 VAT registered businesses in the UK will need to be MTD compliant for VAT, but do you know the facts from the myths?

Pages