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Your guide to all things VAT.
8th May 2020: April saw many advancements in the United Kingdom as talks focus on a series of deadlines on Brexit, while MTD is pushed to 2021.
1st April 2020: To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to implement digital links within their recordkeeping systems.
2nd March 2020: What are the consequences of not adopting a digital approach?
13 January 2020: The HMRC has recently updated the VAT Notice 700/1 to provide temporary rules, which allow some EU Businesses to apply for a UK VAT registration in advance of a no-deal Brexit.
15th March 2019: Since 1st April 2019, VAT registered businesses with taxable turnover above the UK VAT registration threshold (£85,000 currently) are required to keep records in digital form
13th December 2018: Making Tax Digital (MTD) for VAT is the latest step in HMRC’s aim to move towards a digital relationship with customers to become “the most digitally advanced tax administration in the world”.
