Business Wire

Tax Systems to Integrate HMRC Recommended Checks into its Cloud-based VAT Platform Following Successful Trial

LONDON--(BUSINESS WIRE)--Tax Systems, the leading provider of tax software in the UK & Ireland, today announced that they have implemented HMRC recommended checks into its cloud-based AlphaVAT digital ...
JD Supra

HMRC Changes VAT Rules For Early Contract Termination Fees

Amidst the turmoil of COVID-19, HMRC has suddenly reversed its position on early termination fees, announcing such fees are now subject to VAT. In addition, it is taking the controversial position ...
JD Supra

HMRC updates its guidance on the VAT treatment of early termination fees and compensation payments

We reported on the so-called Vodafone Portugal case in the June edition of the UK Tax Round-Up (https://www.proskauer.com/newsletter/uk-tax-round-up-june-2020). In ...
Sky

Increased HMRC VAT investigations bring in £11.4bn of unpaid tax

Increased tax compliance measures have yielded £11.4bn in unpaid tax as investigations into rich people and mid-size businesses grew. The sum came as HM Revenue and Customs (HMRC) opened 23% more ...
Real Business

VAT Threshold 2023

There is a VAT threshold for every small business that is set by HMRC and can vary. Once taxable income exceeds the value set for any given financial year, businesses must register for VAT. Failure to ...
Real Business

HMRC Launches New Digital Tool: VAT Registration Estimator

HMRC have announced that a new digital tool, the VAT Registration Estimator, has been developed in order to help small business owners determine what registering for VAT could mean for their business.