Budget 2017 and VAT

There was very little of general application, in the Autumn Budget 2017, on VAT. Before the Budget, on 22 November 2017, there were rumours that the Chancellor would lower the VAT registration limit to £20,000 following reports in newspapers that seemed to take elements from the Office of Tax Simplification (OTS) report on simplifying VAT and … [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...]

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