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VAT return

Postponed VAT Accounting

What is postponed accounting? Postponed accounting means that the importer does not pay import VAT when goods arrive at a port or airport instead the VAT is deferred.

HMRC: Charities can no longer claim VAT relief on social media advertising

HMRC is writing to charities to inform them of the latest changes to VAT relief on social media advertising. 

Making Tax Digital: Timing is everything

With Making Tax Digital just around the corner, there has been some confusion around when businesses need to sign up for the new Business Tax Account and submit their VAT return through their accounting software.  In our latest blog, we look at the timings involved. 

Last call for VAT traders to prepare for new filing regulations

As we have mentioned before, VAT returns filed for periods commencing on or after 1 April 2019, may need to be filed using the new Making Tax Digital (MTD) protocols. The new filing obligations will apply to VAT registered businesses with turnover above the current VAT registration limit, £85,000.  

Last call for VAT traders to prepare for new filing regulations

As we have mentioned before, VAT returns filed for periods commencing on or after 1 April 2019, may need to be filed using the new Making Tax Digital (MTD) protocols. The new filing obligations will apply to VAT registered businesses with turnover above the current VAT registration limit, £85,000.  

Changes to HMRC VAT portal may require Sage software upgrade

HMRC are making changes to the VAT portal which will only be compatible with the latest version of Sage 50 Accounts (version 24). Clients using older versions of Sage will need to upgrade their software package in order to submit VAT returns directly from Sage.