VAT Rate Increase from 1 October 2021
VAT rate increase from 1 October 2021 applies to hospitality businesses and the VAT rate is schedule to increase from 5% to 12.5%. The rate was reduced to 5% on 15 July 2020 as part […]
Can you Recover VAT on Company Car? Your Questions Answered
Can you recover the VAT on the company car? This is a question that has been asked multiple times by employers providing their employees with a car.
VAT on Food in the UK: Standard & Zero-Rated VAT Items
Are you a VAT registered business looking to figure how VAT is applicable on your food items? Click through to find out more about the applicable rates.
New Penalty Rates for VAT Returns from April 2022
New penalty rates for VAT returns will come into effect for VAT return periods beginning on or after 1 April 2022. Click through to learn all about them.
Budget 2021: Furlough & Self-employed Support Extended
Budget 2021: Key points at-a-glance. The Chancellor of the Exchequer presented his Budget to Parliament on Wednesday 3 March 2021.
COVID-19: New VAT Deferral Payment Scheme Opens on 23 February
Instead of paying the full amount by the end of March 2021, up to 11 smaller monthly instalments can be made, interest-free. Learn how to join!
VAT Domestic Reverse Charge for Building and Construction Services
Find out about the VAT Domestic Reverse Charge for supplies of building and construction services from 1 March 2021.
How to Pay Deferred VAT due to Coronavirus Crisis (COVID-19)
Businesses which deferred VAT due in March to June 2020, have the option to spread their payments over the financial year 2021/2022. How to apply.