75% of independent hospitality businesses say a VAT cut is vital to their survival

Tax 75% of independent hospitality businesses say a VAT cut is vital to their survival

1m Accountancy Age, Reporters

75% of independent hospitality businesses say a VA...

The UK Treasury must act now to prevent the avoidable damage that is being done to small and micro businesses by acute inflationary pressures across t...

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EU VAT changes could still impact UK firms, experts warn

Regulation EU VAT changes could still impact UK firms, experts warn

7m Rob Griffin

EU VAT changes could still impact UK firms, expert...

Businesses urged to prepare for next year’s regulatory overhaul. Read More...

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The emerging challenges and responsibilities of ViDA in a changing world

Tax The emerging challenges and responsibilities of ViDA in a changing world

10m Liz Salecka

The emerging challenges and responsibilities of Vi...

New EU VAT reforms look set to bring both challenges and opportunities for businesses and now is the time to prepare for them, says Thomson Reuters’ i...

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HMRC’s new VAT penalties: A fairer system?

HMRC HMRC’s new VAT penalties: A fairer system?

1y Lauren Harvey, Assistant accountants manager, The Accountancy Partnership

HMRC’s new VAT penalties: A fairer system?

At the beginning of the year, HMRC implemented a new penalties system for late VAT submissions and payments. The new points-based penalty system is ar...

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New year, new VAT penalties

Tax New year, new VAT penalties

1y Emma Rawson, ATT Technical Officer

New year, new VAT penalties

Emma Rawson, ATT technical officer, takes a look at the new VAT late payment and filing penalties which will apply from January 1, 2023 Read More...

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Boris Johnson’s successor must make SME support an “immediate priority”

Business Boris Johnson’s successor must make SME support an “immediate priority”

2y Rebecca Whittaker and Sam Alberti

Boris Johnson’s successor must make SME support an...

While Rishi Sunak stands firm on his “sound money” values, appealing to the interests of businesses could be the route to the top job, experts argue R...

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UK accountant handed jail term in £160k tax fraud case

HMRC UK accountant handed jail term in £160k tax fraud case

2y Sam Alberti

UK accountant handed jail term in £160k tax fraud ...

The taxpayer’s trust was abused using accountancy knowledge and expertise, HMRC said Read More...

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Addressing the challenges of MTD for VAT

MTD Addressing the challenges of MTD for VAT

2y Prashant Ganti

Addressing the challenges of MTD for VAT

With Making Tax Digital for VAT changes due in April, Zoho’s Prashant Ganti discusses and addresses the challenges with these new measures Read More...

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Deferred VAT deadlines looming

VAT Deferred VAT deadlines looming

3y Emma Rawson, ATT Technical Officer

Deferred VAT deadlines looming

Businesses that deferred VAT payments during the early stages of the pandemic which remain outstanding need to act by the end of June in order to avoi...

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Dirty cash: the rising threat of Chinese Underground Banking

Legal Dirty cash: the rising threat of Chinese Underground Banking

3y Anne Davis | The Institute of Financial Accountants

Dirty cash: the rising threat of Chinese Undergrou...

Accountants and agents dealing with Chinese clients should be aware of the risk of Chinese Underground Banking to your business and mitigate this risk...

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One million businesses re-brace for MTD for VAT – 1 April 2021

Making Tax Digital One million businesses re-brace for MTD for VAT – 1 April 2021

3y Richard Asquith, Avalara

One million businesses re-brace for MTD for VAT – ...

By Richard Asquith, VP global indirect tax at Avalara Read More...

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Should you use your Phase 1 MTD software for Phase 2?

HMRC Should you use your Phase 1 MTD software for Phase 2?

3y Matt Lewis

Should you use your Phase 1 MTD software for Phase...

The tight timeframes we saw under Making Tax Digital (MTD) Phase 1 saw many businesses adopt a “compliance first” approach to MTD software. Focused on...

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2021: A mammoth year for tax compliance – are you ready?

Brexit 2021: A mammoth year for tax compliance – are you ready?

3y Sage | Sponsored

2021: A mammoth year for tax compliance – are you ...

Accounting and payroll professionals have been called superheroes of the business world for their incredible response to the pandemic in 2020 and for ...

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MTD: Time to get linked up

HMRC MTD: Time to get linked up

3y Emma Rawson, ATT Technical Officer

MTD: Time to get linked up

The final part of the Making Tax Digital (MTD) for VAT requirements becomes mandatory from April 2021 with the ending of the soft landing for digital ...

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VAT as a business-critical process

Corporate Tax VAT as a business-critical process

4y Matt Lewis

VAT as a business-critical process

Regulatory scrutiny and changing economic conditions have combined to make VAT a business-critical process, says Matt Lewis Read More...

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The devil’s in the tax data

Tax The devil’s in the tax data

4y Alastair Sharp, Tax Systems | Sponsored

The devil’s in the tax data

Cleansing and analysing your data can save you time and help you use your data more intelligently, as Alastair Sharp explains Read More...

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Changes to VAT rules for online retailers to boost Exchequer’s revenue

HMRC Changes to VAT rules for online retailers to boost Exchequer’s revenue

4y Leanna Reeves

Changes to VAT rules for online retailers to boost...

New HMRC VAT rules could save UK billions Read More...

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‘Pay now or pay later,’ but don’t forget it’s a debt

Coronavirus ‘Pay now or pay later,’ but don’t forget it’s a debt

4y Leanna Reeves

‘Pay now or pay later,’ but don’t forget it’s a de...

UK Chancellor’s VAT extension will help businesses survive during crisis, but it remains a debt, warn accountants Read More...

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Preserving client cash flows becomes accountants’ top priority

Coronavirus Preserving client cash flows becomes accountants’ top priority

4y Jeremy Chan

Preserving client cash flows becomes accountants’ ...

Sales have plummeted for many businesses, meaning accountants need to be looking at their clients’ cash on hand Read More...

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CTCs herald new era of control for tax authorities

Corporate Tax CTCs herald new era of control for tax authorities

4y Tom Lemmon

CTCs herald new era of control for tax authorities

Stricter controls on VAT compliance is set to shut down the “colossal” VAT tax gap. Read More...

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EU's e-invoicing rules raise concerns

VAT EU's e-invoicing rules raise concerns

4y Jay Ashar

EU's e-invoicing rules raise concerns

New study exploring the evolving European VAT landscape highlights the challenges faced by the tax frontline within Europe. Read More...

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Digital marketplaces should shoulder VAT responsibility

HMRC Digital marketplaces should shoulder VAT responsibility

4y Jeremy Chan

Digital marketplaces should shoulder VAT responsib...

Call for digital marketplaces to collect and pay VAT on behalf of sellers. Read More...

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Transaction mapping: Understanding transaction flows from a VAT perspective

VAT Transaction mapping: Understanding transaction flows from a VAT perspective

4y David Stokes

Transaction mapping: Understanding transaction flo...

David Stokes, Senior Consultant at Accordance discusses how to understand transaction flows from a VAT point of view, spotting changes that can have a...

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Black Friday sales may topple tax thresholds in the EU and US

Business Black Friday sales may topple tax thresholds in the EU and US

4y Shannon Moyer

Black Friday sales may topple tax thresholds in th...

With the holiday season fast approaching, UK companies should be aware of EU VAT and US sales tax thresholds before selling overseas. Read More...

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Getting tax out of taxi apps?

HMRC Getting tax out of taxi apps?

4y Sean Glancy

Getting tax out of taxi apps?

Sean Glancy, Partner – Indirect Taxes, UHY Hacker Young LLP discusses the HMRC probing Uber’s model based on apps over VAT and the implications for th...

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Determine the right technology for VAT determination

Tax Determine the right technology for VAT determination

4y Gareth Kobrin, CEO, VATGlobal

Determine the right technology for VAT determinati...

As taxes move into the digital domain, it is not without its challenges. VAT an inescapeable part of doing business may prove to be one such challenge...

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VATGlobal launches European VAT information portal vlearn

Brexit & Economy VATGlobal launches European VAT information portal vlearn

4y Leanna Reeves

VATGlobal launches European VAT information portal...

To promote regulatory knowledge, the new platform ‘vlearn’ is the first key central repository for EU VAT information for businesses to use themselves...

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