VAT Archives - Page 6 of 9 - J&P Accountants

Making Tax Digital: How To Be VAT Compliant

by Admin | Feb 10, 2021 | BLOG, Business, HMRC, Making Tax Digital, News Hub, Tax, VAT

You might be surprised to find out that the UK government loses an estimated £9 billion in tax every year. This clearly indicates the flaws in the current tax collection system and is concerning; not least of all because of how much the UK government have had to...

The New EU Ecommerce VAT Package

by Admin | Jan 27, 2021 | BLOG, crossborder selling, E-Commerce, News Hub, Tax, Uncategorised, VAT

The New EU Ecommerce VAT package is slowly approaching. The package was originally due to take effect on January 1st 2021, but was pushed back to July 1st 2021 in order to give businesses and cross-border sellers more time to prepare, especially in light of the...

VAT On Services: HMRC Gives Clarity

by Admin | Jan 8, 2021 | BLOG, HMRC, News Hub, Tax, VAT

Regular readers of this blog, or those who are closely following the communications of the HMRC, will be aware that there has been a lot of uncertainty around how one might account for VAT on services after Brexit. Whilst we did a previous article that speculated how...

SIVA: How To Use Simplified Import VAT Accounting

by Admin | Dec 9, 2020 | Accounting, best practice, BLOG, crossborder selling, News Hub, VAT

Our last article outlined how you can use the Import VAT and Duty Deferral scheme to make it easier to pay your VAT when importing after Brexit. However, one of the limitations of the scheme was that you needed a guarantee from your bank or building society in order...

Import VAT & Duty Deferral Scheme

by Admin | Dec 4, 2020 | Accounting, BLOG, Brexit, crossborder selling, E-Commerce, News Hub, VAT

From the beginning of next year, it will be possible for importers (or those who represent importers) to use a VAT and Duty deferral scheme in order to postpone their payments of VAT and Duty. The scheme also allows importers to pay the import VAT/Duty of all...