You may have become aware of HMRC’s increasingly aggressive approach to applying penalties to VAT mistakes. So it makes sense to focus on this question of how to avoid VAT penalties or at least keeping them to a an absolute […]
The question of when an error should be treated as being deliberate versus careless is a crucial one to answer as it dictates the rate of penalty that HMRC can apply to a VAT error. However it is a very […]
The recent VAT tribunal case of Regency Factors plc provides a salutary lesson on how to claim VAT on Bad Debts under the Bad Debt Relief (BDR) and, perhaps more importantly, how to avoid problems with the claim. The Upper […]
Overshadowed by Brexit and the mayhem that came with it, Postponed VAT Accounting was introduced in the UK with effect from 1 January 2021. It is a beautiful rose amongst the thorns of the past eighteen months, but sadly seems […]
I have heard this question asked countless times: ‘Is VAT due on commission?’. Such a simple question but with a real can of worms for an answer. The reason for that is, not only can commission be paid on just […]
The VAT rules for all supplies of either goods or services that leave or arrive in the UK have always given rise to problems. Never more so than post-Brexit and now we have new VAT OSS Rules for EU sales […]