Articles in "VAT"

Filter by:

VAT Alert - Low Value Consignment Relief

08.09.2020
Callum McCormack
VAT
2 min read

Currently, under the Low Value Consignment Relief (LVCR) a UK business importing goods from outside the European Union of a value below £15 is not required to pay import VAT.


Former HMRC specialist joins Lovewell Blake's VAT team

27.08.2020
The Marketing Team
VAT, News
1 min read

Chartered accountants Lovewell Blake have appointed a former HMRC VAT expert to their specialist VAT team

VAT Alert - Vehicle purchases

25.08.2020
Callum McCormack
VAT
2 min read

Many businesses purchase vehicles to support their day-to-day operations. Whilst it may be assumed that, as a vehicle is being acquired by a business to support their activities, the VAT incurred on the purchase costs would be recoverable, this is often not the case.

VAT Alert - Making Tax Digital

28.07.2020
Rob Geary
VAT
1 min read

At present, only VAT registered businesses with a taxable turnover greater than £85,000 are required to register for Making Tax Digital (MTD) and submit their returns through compatible software.

VAT Alert - temporary reduced rate

15.07.2020
Rob Geary
VAT
2 min read

HMRC have advised that the reduced rate of VAT (5%) will apply to these supplies from 15 July 2020 until 12 January 2021.

VAT Alert - temporary reduced rate of VAT for hospitality, holiday accommodation and attractions

10.07.2020
Rob Geary
VAT
2 min read

Following Rishi Sunak's announcement in the Summer Statement, HMRC have updated their guidance regarding the temporary reduced rate of VAT which will apply to supplies of hospitality, hotel and holiday accommodation and attractions.

Summer Statement: Chancellor announces 'Plan for Jobs' policy to help Britain bounce back

09.07.2020
Shaun Davison
News, Tax, VAT
7 min read

Whilst delivering the summer statement in Parliament on 8 July 2020, the Chancellor of the Exchequer, Rishi Sunak, presented his ‘Plan for Jobs’ worth up to £30 billion to help Britain bounce back from the Coronavirus outbreak.

Huge and welcome first steps towards recovery

09.07.2020
Paul Briddon
News, Tax, VAT
3 min read

Some adept thinking from the Chancellor is welcome, but he will certainly need to do more in the autumn.

Wide-ranging tax planning and compliance services for individuals seeking advice and guidance from our team of experienced and highly qualified professionals.

Friendly and coherent advice and guidance on accounting and tax matters for small business owners including those starting out for the first time.

Established businesses requiring accounting and tax compliance services, forward thinking tax planning advice and the support to help your business succeed.

Our full range of enhanced corporate services aimed at large companies and those requiring audit, assurance, corporate tax advisory and diverse tax planning services.

Glossary

Test

This is a test definition

more