Articles in "VAT"

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Plastic packaging

Plastic Packaging Tax to be introduced April 2022 – Initial guidance

25.02.2022
Rob Geary
VAT
3 min read

The UK Government is introducing a Plastic Packaging Tax (PPT). This is intended to deter the use of single use plastic and move towards recycled plastic. The tax will apply to packaging that does not contain at least 30% recycled plastic.

Smaller VAT-registered businesses urged to prepare for 'Making Tax Digital'

08.12.2021
Justin Wright
VAT
3 min read

Small VAT-registered businesses have until April 2022 to prepare for a shake-up in the way they submit VAT returns.

Take care to avoid the HMRC's Scrooge-like attitude to Christmas generosity

06.12.2021
Rob Geary
VAT
3 min read

As employers gear up for the Christmas party season for the first time in two years, they need to take care to avoid a tax hangover.

HMRC

HMRC clarifies new penalty regime for late tax payments

29.09.2021
Natalie Miller
VAT, Tax
4 min read

HM Revenue & Customs (HMRC) has updated their guidance on the new regime for penalties and interest for late payment of tax. This is the next step in an ongoing process of unifying the rules across all the taxes.

Stock image someone at work

B2C place of supply of digital services

22.09.2021
Rob Geary
VAT
4 min read

An ongoing area of risk for both VAT registered and Non-VAT registered businesses is the place of supply of their services, as there are many small differences which can catch suppliers out. For VAT purposes, the place of supply is generally where a business is liable to charge VAT.

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DIY VAT claim

21.09.2021
Rob Geary
VAT
4 min read

There is a special mechanism to recover VAT incurred on building, or converting a non-residential property into, a new home for you or a family member to live in. This is often referred to as a DIY VAT claim and is well worth exploring to recover some of the VAT costs that could otherwise be forgotten about.

Rob Geary, VAT consultant for Lovewell Blake

Making Tax Digital for VAT

15.09.2021
Rob Geary
VAT
2 min read

When Making Tax Digital for VAT (MTD) was introduced back in 2019, it was compulsory for most businesses trading above the VAT threshold of £85,000 to keep records in a digital format and submit their VAT returns using MTD compatible software.

Stock image someone working

ICAEW urges HMRC to scrap exemptions to simplify VAT rules

11.08.2021
The Marketing Team
VAT
1 min read

In response to HMRC's consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.

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