UK business owners want easing of EU trade barriers and cuts to VAT from next Government, shows survey
Brexit

UK business owners want easing of EU trade barriers and cuts to VAT from ne...

6m Accountancy Age

UK business owners want easing of EU trade barrier...

Many businesses still struggling with post-Brexit trade friction Read More...

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17% of businesses applying for VAT registration last year were unsuccessful
Tax

17% of businesses applying for VAT registration last year were unsuccessful

7m Rachael Kennedy

17% of businesses applying for VAT registration la...

HMRC customer service crisis impacting VAT registrations for businesses - 53,000 applications refused or withdrawn Read More...

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Navigating the complexities of VAT in a digital world
Tax

Navigating the complexities of VAT in a digital world

7m Alistair Duncan, Indirect Tax Partner at AAB

Navigating the complexities of VAT in a digital wo...

The e-commerce landscape has evolved significantly over recent years, revolutionising the retail sector by enabling businesses to reach global markets...

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75% of independent hospitality businesses say a VAT cut is vital to their survival
Tax

75% of independent hospitality businesses say a VAT cut is vital to their s...

10m Accountancy Age

75% of independent hospitality businesses say a VA...

The UK Treasury must act now to prevent the avoidable damage that is being done to small and micro businesses by acute inflationary pressures across t...

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EU VAT changes could still impact UK firms, experts warn
Regulation

EU VAT changes could still impact UK firms, experts warn

1y Rob Griffin

EU VAT changes could still impact UK firms, expert...

Businesses urged to prepare for next year’s regulatory overhaul. Read More...

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The emerging challenges and responsibilities of ViDA in a changing world
Tax

The emerging challenges and responsibilities of ViDA in a changing world

2y Liz Salecka

The emerging challenges and responsibilities of Vi...

New EU VAT reforms look set to bring both challenges and opportunities for businesses and now is the time to prepare for them, says Thomson Reuters’ i...

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HMRC’s new VAT penalties: A fairer system?
HMRC

HMRC’s new VAT penalties: A fairer system?

2y Lauren Harvey , Assistant accountants manager, The Accountancy Partnership

HMRC’s new VAT penalties: A fairer system?

At the beginning of the year, HMRC implemented a new penalties system for late VAT submissions and payments. The new points-based penalty system is ar...

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New year, new VAT penalties
Tax

New year, new VAT penalties

2y Emma Rawson

New year, new VAT penalties

Emma Rawson, ATT technical officer, takes a look at the new VAT late payment and filing penalties which will apply from January 1, 2023 Read More...

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Boris Johnson’s successor must make SME support an “immediate priority”
Business

Boris Johnson’s successor must make SME support an “immediate priority”

2y Rebecca Whittaker and Sam Alberti

Boris Johnson’s successor must make SME support an...

While Rishi Sunak stands firm on his “sound money” values, appealing to the interests of businesses could be the route to the top job, experts argue R...

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UK accountant handed jail term in £160k tax fraud case
HMRC

UK accountant handed jail term in £160k tax fraud case

3y Sam Alberti

UK accountant handed jail term in £160k tax fraud ...

The taxpayer’s trust was abused using accountancy knowledge and expertise, HMRC said Read More...

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Addressing the challenges of MTD for VAT
MTD

Addressing the challenges of MTD for VAT

3y Prashant Ganti

Addressing the challenges of MTD for VAT

With Making Tax Digital for VAT changes due in April, Zoho’s Prashant Ganti discusses and addresses the challenges with these new measures Read More...

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Deferred VAT deadlines looming
VAT

Deferred VAT deadlines looming

4y Emma Rawson

Deferred VAT deadlines looming

Businesses that deferred VAT payments during the early stages of the pandemic which remain outstanding need to act by the end of June in order to avoi...

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Dirty cash: the rising threat of Chinese Underground Banking
Legal

Dirty cash: the rising threat of Chinese Underground Banking

4y Anne Davis | The Institute of Financial Accountants

Dirty cash: the rising threat of Chinese Undergrou...

Accountants and agents dealing with Chinese clients should be aware of the risk of Chinese Underground Banking to your business and mitigate this risk...

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One million businesses re-brace for MTD for VAT – 1 April 2021
Making Tax Digital

One million businesses re-brace for MTD for VAT – 1 April 2021

4y Richard Asquith

One million businesses re-brace for MTD for VAT – ...

By Richard Asquith, VP global indirect tax at Avalara Read More...

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Should you use your Phase 1 MTD software for Phase 2?
HMRC

Should you use your Phase 1 MTD software for Phase 2?

4y Matt Lewis

Should you use your Phase 1 MTD software for Phase...

The tight timeframes we saw under Making Tax Digital (MTD) Phase 1 saw many businesses adopt a “compliance first” approach to MTD software. Focused on...

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2021: A mammoth year for tax compliance – are you ready?
Brexit

2021: A mammoth year for tax compliance – are you ready?

4y Sage | Sponsored

2021: A mammoth year for tax compliance – are you ...

Accounting and payroll professionals have been called superheroes of the business world for their incredible response to the pandemic in 2020 and for ...

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MTD: Time to get linked up
HMRC

MTD: Time to get linked up

4y Emma Rawson

MTD: Time to get linked up

The final part of the Making Tax Digital (MTD) for VAT requirements becomes mandatory from April 2021 with the ending of the soft landing for digital ...

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VAT as a business-critical process
Corporate Tax

VAT as a business-critical process

4y Matt Lewis

VAT as a business-critical process

Regulatory scrutiny and changing economic conditions have combined to make VAT a business-critical process, says Matt Lewis Read More...

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The devil’s in the tax data
Tax

The devil’s in the tax data

4y Alastair Sharp, Tax Systems | Sponsored

The devil’s in the tax data

Cleansing and analysing your data can save you time and help you use your data more intelligently, as Alastair Sharp explains Read More...

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Changes to VAT rules for online retailers to boost Exchequer’s revenue
HMRC

Changes to VAT rules for online retailers to boost Exchequer’s revenue

5y Leanna Reeves

Changes to VAT rules for online retailers to boost...

New HMRC VAT rules could save UK billions Read More...

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‘Pay now or pay later,’ but don’t forget it’s a debt
Coronavirus

‘Pay now or pay later,’ but don’t forget it’s a debt

5y Leanna Reeves

‘Pay now or pay later,’ but don’t forget it’s a de...

UK Chancellor’s VAT extension will help businesses survive during crisis, but it remains a debt, warn accountants Read More...

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Preserving client cash flows becomes accountants’ top priority
Coronavirus

Preserving client cash flows becomes accountants’ top priority

5y Jeremy Chan

Preserving client cash flows becomes accountants’ ...

Sales have plummeted for many businesses, meaning accountants need to be looking at their clients’ cash on hand Read More...

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CTCs herald new era of control for tax authorities
Corporate Tax

CTCs herald new era of control for tax authorities

5y Tom Lemmon

CTCs herald new era of control for tax authorities

Stricter controls on VAT compliance is set to shut down the “colossal” VAT tax gap. Read More...

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EU's e-invoicing rules raise concerns
VAT

EU's e-invoicing rules raise concerns

5y Jay Ashar

EU's e-invoicing rules raise concerns

New study exploring the evolving European VAT landscape highlights the challenges faced by the tax frontline within Europe. Read More...

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Digital marketplaces should shoulder VAT responsibility
HMRC

Digital marketplaces should shoulder VAT responsibility

5y Jeremy Chan

Digital marketplaces should shoulder VAT responsib...

Call for digital marketplaces to collect and pay VAT on behalf of sellers. Read More...

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Transaction mapping: Understanding transaction flows from a VAT perspective
VAT

Transaction mapping: Understanding transaction flows from a VAT perspective

5y David Stokes

Transaction mapping: Understanding transaction flo...

David Stokes, Senior Consultant at Accordance discusses how to understand transaction flows from a VAT point of view, spotting changes that can have a...

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Black Friday sales may topple tax thresholds in the EU and US
Business

Black Friday sales may topple tax thresholds in the EU and US

5y Shannon Moyer

Black Friday sales may topple tax thresholds in th...

With the holiday season fast approaching, UK companies should be aware of EU VAT and US sales tax thresholds before selling overseas. Read More...

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