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VAT Penalties Guide

September 13th, 2023

VAT Penalties Reminder Penalties for submitting VAT returns or paying VAT late, came into effect on 1 January 2023. The HM Revenue & Customs (HMRC) VAT penalties replace the default surcharge. Who do the VAT Penalties affect? The changes affect everyone submitting VAT returns for accounting periods commencing on or after 1 January 2023. Any nil […]


VAT Deferred due to Coronavirus (COVID-19)

February 26th, 2021

As you may recall, in March 2020 the UK Government announced that VAT registered businesses with VAT payments due between 20 March 2020 and 30 June 2020 could choose to defer such VAT payments due to the effects of coronavirus (COVID-19)


VAT Returns for Small Business Owners

August 22nd, 2019

According to an Intuit survey UK small business owners spent an average of 86 minutes checking their VAT returns for HMRC.


VAT Input Tax and Cars

August 13th, 2019

We recently came across a situation where a car was purchased for use in a business and which the car dealer said was a ‘qualifying car’ for VAT. What is the correct VAT treatment?


The complexity of VAT – VAT on Exports

June 27th, 2019

We are often asked questions regarding VAT and when we provide the answer, the inevitable response from our clients is to marvel at just how complex VAT can be?