Recently updated VAT Notices (September 2016)

HMRC has updated these VAT Notices in recent weeks: VAT Notice 723A: refunds of VAT in the European Community for EC and non-EC businesses HMRC 7 September 2016 published an updated version of VAT Notice 723A: refunds of VAT in the European Community for EC and non-EC businesses dated September 2016. There is now a link within the Notice that … [Read more...]

Overseas businesses selling goods stored in the UK

On 16 September 2016 HMRC published guidance for "overseas businesses using an online marketplace to sell goods in the UK". The guidance is for overseas businesses that store and sell goods in the UK although they have no business establishment in the UK. Many of these businesses use an online marketplace that provides a fulfilment service to … [Read more...]

HMRC announce zero-rating for women’s sanitary products

On 24 March 2016 HMRC published a note on it's website indicating that from some future date the VAT rate to be applied to women's sanitary products would reduce from 5% to 0%. There is no indication of when the change will be made. As it stands the VAT lock legislation the government introduced makes it illegal for it to change the rate of VAT … [Read more...]

How to make the most of your VAT registration – part 3

How to make the most of your VAT registration - part 3 Annual Accounting Hello The first of these articles appeared on the Lime Consultancy website and the second on this blog. In the last two notes I wrote about the Flat rate scheme and the Cash Accounting scheme. This time I want to tell you about the Annual Accounting scheme. The VAT Notice … [Read more...]

Making the most of being VAT registered

Making the most of being VAT registered - VAT Cash Accounting Scheme The first post in this series is on the Lime Consultancy website. Hello again In my previous missive on making the most of VAT I looked at how you could use the Flat rate scheme. This time I thought it would be useful to look at the Cash Accounting scheme and how you might … [Read more...]

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