Flat rate scheme: are you a limited cost business?

Flat rate scheme: are you a limited cost business? From 1 April 2017 new rules coming to effect that are likely to have a negative impact on many service businesses particularly those providing professional services. These are the ones that sell the knowledge of the business owners and their staff. HMRC says you are a limited cost business if … [Read more...]

Budget 2017: VAT issues

In his Budget on 8 March 2017 the Chancellor of the Exchequer, Philip Hammond, covered four VAT items. Only one of which I heard mentioned in his speech. The rest were covered in the supporting documents published after the Chancellor finished his speech in the House of Commons. VAT registration limit The VAT registration limit will increase by … [Read more...]

VAT Notices updated up to 31 March 2016

VAT Notices updated up to 31 March 2016 Tour Operators Margin Scheme On 22 February 2016 HMRC published an updated version of Notice 709/5: tour operators margin scheme dated February 2016 to replace the August 2004 edition. HMRC indicates that the following changes have been made: Sections 9 and 10 of this notice have been updated. This … [Read more...]

Revenue & Customs Briefs published up to 31 March 2016

Revenue & Customs Briefs published up to 31 March 2016 Reminder of withdrawal of the VAT Misdirection Extra Statutory Concession 3.5 in cases of VAT liability change On 1 February 2016 HMRC published Revenue & Customs Brief 7/2016: reminder of withdrawal of the VAT Misdirection Extra Statutory Concession 3.5 in cases of VAT liability … [Read more...]

Budget 2016 – update to VAT registration limits

I've updated the VAT registration limits┬ápage with the new registration limits from 1 April 2016. … [Read more...]

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close