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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.

VAT webinar - July 2019

04 March 2019

Join us for our quarterly VAT webinar aimed at finance directors, finance teams and tax managers who want to know what is happening in the world of VAT, along with the practical steps to address these issues.

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.

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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?

Making Tax Digital – A brave new world

20 April 2018

The transition to making tax digital (MTD) represents one of the most fundamental changes to occur to the UK tax system for decades. HMRC is concerned that basic VAT accounting errors are resulting in significant VAT loss to the Treasury and believes that MTD will play a major role in reducing this.

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