Making Tax Digital for VAT (MTDfV) was introduced in April 2019 which required almost all UK VAT registered businesses to keep ‘digital records’ and file their VAT returns via ‘functional compatible software'.
HMRC has introduced additional security checks before releasing tax repayments under Self-Assessment.
Explore how organisations that make exempt supplies could benefit from agreeing a temporary VAT partial exemption method.
There are new rules for businesses selling goods to UK consumers and UK businesses through an online marketplace from 1 January 2021.
Overseas businesses selling goods directly to UK consumers and UK businesses that are not VAT registered must apply new VAT and Customs Duty rules from 1 January 2021.
Explore what businesses should be doing to prepare for the April 2022 changes.