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VAT

MTD for VAT brings in extra £195m

Scheme cuts costs caused by mistakes, HMRC says.

4 in 5 VAT registered businesses unaware of MTD for VAT

Just 29% know how to become MTD compliant.

HMRC urges firms to sign up to MTD for VAT

Rules apply to all VAT-registered firms from April.

Sunak considers VAT cut on household energy bills

Cut would deliver ‘Brexit dividend’ but ignore other commitments.

Hospitality and tourism VAT rises to 12.5%

Trade bodies demand temporary rate be made permanent.

Widening tax gap casts doubt over MTD

HMRC misses out on £35bn in uncollected taxes.

Repaid VAT triggers spike in tax receipts

HMRC warns against comparing recent annual tax receipts.

Sweeping VAT changes for goods outside the EU

The EU launches its long-awaited one-stop shop.

HMRC publishes penalties for not paying deferred VAT

Businesses can still make arrangements to avoid penalties.

VAT reverse charge reminder

The charge comes into effect from 1 March 2021.