VAT News
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VAT deferral – Cancel your VAT direct debit!
VAT Deferral - Cancel you VAT direct debit! The Chancellor has announced that VAT payments can be deferred for the next 3 months. All VAT-registered UK businesses are eligible for the deferral. If your business normally pays VAT by direct debit, you will need to...
Budget 2020: Predictions
Budget 2020: Predictions Rishi Sunak will deliver the 2020 Budget on Wednesday 11 March. But what can we expect when the Chancellor opens his red box? Craig Walker, a tax specialist at Hawsons, gazes into his crystal ball: With a substantial majority, the government...
Top 10 Errors at VAT Inspections
Top 10 Errors at VAT Inspections VAT inspections used to be a fairly regular occurrence for VAT registered business owners and were often viewed as a terrifying and potentially costly experience. Whilst the regularity of VAT inspections has decreased significantly...
Tax Rates 2020/21
Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...
VAT – Post 31 January 2020
Even though the UK is leaving the EU on 31 January 2020, the transition period to 31 December 2020 means that there will be no VAT changes, in terms of paper work and process. From 1 January 2021 – the UK will have imports and exports of goods (to EU countries)...
Charity Tax group launch a national survey on charity VAT relief
Charity Tax group launch a national survey on charity VAT relief The Charity Tax Group are launching a national survey on charity VAT relief. The group say the research will gather information on the amount of VAT relief claimed by UK charities, which they say will...
Budget 2020 Summary
Budget 2020 The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated 'we are at the beginning of a new era in this country. We have the freedom and the resources to decide our own future'. 'It is a Budget of a...
Charities and VAT
CHARITIES AND VAT It is wrong to assume that Charities get special VAT treatment, however they do benefit from VAT relief on the purchase of some goods and services. They can also get a VAT exemption on income from fundraising events as long as certain conditions are...
Solicitors “SEARCH”ing For Answers
For new updated guidance please see article from THE LAW SOCIETY re-research fees. New guidance has been issued by the Law Society about whether items may be treated as disbursements for VAT purposes. The guidance, dated 8 October 2019, follows previous guidance by...
