Category Archives: Value Added Tax

CIS – types of work and businesses affected

6th May 2021 Posted by -

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. The

Read More
Selling a business transferring a business?

VAT – transfer as a going concern

6th May 2021 Posted by -

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT […]

Read More

VAT deferral scheme open for business

12th March 2021 Posted by -

Businesses that took the option to defer the payment of their VAT liabilities between 20 March 2020 and 30 June 2020 need to decide what course of

Read More
VAT specialists Burton on Trent

Spring Budget 2021 – VAT

9th March 2021 Posted by -

It has been confirmed, by the Chancellor, that the taxable turnover threshold that determines whether businesses should be registered for VAT will be frozen at £85,000 until 31 March 2024. The taxable […]

Read More

Guidance for paying deferred VAT updated

26th February 2021 Posted by -

The coronavirus VAT payment holiday gave businesses the chance to defer the payment of any VAT liabilities between 20 March 2020 and 30 June 2020. The

Read More

Accounting for import VAT on your VAT return

19th February 2021 Posted by -

Following the end of the transition period, businesses registered for VAT can account for import VAT on their VAT return, often referred to as

Read More

VAT Reverse charge for construction sector

14th January 2021 Posted by -

A further reminder that new VAT rules for building contractors and sub-contractors will come into effect from 1 March 2021. The new rules were originally expected to commence from 1 October 2019, but

Read More
alexander accountancy - management accountant specialists Burton on Trent,

UK VAT claims by non-EU businesses

17th December 2020 Posted by -

There are special rules for businesses established outside the EU submitting a claim for VAT incurred on goods or services bought in the UK. The exact rules of what VAT is refundable can be complex. There are also a number of conditions which must be

Read More