VAT - Returns, forms & HMRC admin

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MOTORING EXPENSES - 01.07.2024

Is there a better option than the scale charge?

HMRC announced revised CO2 emission scale charge rates for private road fuel from 1 May 2024. But is there an alternative way of accounting for VAT on the private fuel used for your business vehicles?
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INPUT TAX - 01.07.2024

How to deal with overcharged VAT?

One of your suppliers has made an error on their most recent invoice and charged you too much VAT. How should you deal with the error to avoid a potential problem with HMRC?
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MAKING TAX DIGITAL - 01.07.2024

MTD for Income Tax Self-Assessment - what’s the latest?

In February 2024 important amendments to the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) rules became law. How will the changes affect your business when MTD ITSA becomes mandatory?
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VAT - 12.06.2024

VAT reclaim failed due to missing information

A First-tier Tribunal (FTT) was asked to rule on a dispute between a company and HMRC relating to a VAT refund. Its decision turned on whether the documents that the company’s claim was based on were sufficient. What was the outcome?
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PROMOTIONS - 04.06.2024

How to account for VAT on customer vouchers?

Your business will sell vouchers to customers that can be redeemed in the future against goods or services that you sell. How do you account for VAT on these vouchers to avoid a problem with HMRC?
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VAT CASES - 04.06.2024

Could payment of assessment be delayed due to financial hardship?

The case. SC Business Gateway Ltd (S) bought luxury merchandise in the UK, such as perfumes, and sold them to customers in Asia. HMRC had concerns about the accuracy of its VAT returns, so issued an input tax assessment for £273,858 for periods February 2021 to January 2022. S asked for payment of the assessment to be postponed while it was going through the appeals process. HMRC refused. ...
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VAT - Returns, forms & HMRC admin

Most read Tips & Advice

VAT - 12.06.2024

VAT reclaim failed due to missing information

A First-tier Tribunal (FTT) was asked to rule on a dispute between a company and HMRC relating to a VAT refund. Its decision turned on whether the documents that the company’s claim was based on were sufficient. What was the outcome?
Read more

MAKING TAX DIGITAL - 01.07.2024

MTD for Income Tax Self-Assessment - what’s the latest?

In February 2024 important amendments to the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) rules became law. How will the changes affect your business when MTD ITSA becomes mandatory?
Read more

MAKING TAX DIGITAL - 01.05.2024

New guidance on penalties for volunteers

Making Tax Digital for Income Tax Self Assessment is still two years away, but some of your clients may have signed up early on a voluntary basis. HMRC has now published guidance regarding how these testers will be subject to penalties. What are the key points?
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