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Ever changing regulations and growing demands of HMRC mean that VAT compliance can be a difficult and time-consuming administrative process, distracting you from running your business.
We can assist you to ensure that you comply with the regulations and have time to do what you do best – drive your business forward.
To help you manage this complex area, we provide an efficient, cost effective VAT service which includes.
- VAT registration
- Advice on VAT planning and administration
- Completing and submitting VAT returns online
- Advice on use of the most tax efficient VAT scheme for your business
Require more information about VAT?
If you would like more information or would like to speak to us direct then call us on 01782 744144 or ask a question online.
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driving success.
VAT news and articles
Abolishment of Furnished holiday lettings tax regime confirmed
HM Revenue and Customs (HMRC) have published draft legislation and a policy paper outlining the proposal for the abolition of the furnished holiday lettings (FHL) tax regime. This was originally announced by the previous government and any hopes that this may be stalled by the new government are now laid to rest.
VAT on Amazon Fees from 1 August 2024
From 1 August 2024, selling fees charged by Amazon to UK vendors will be subject to VAT at 20%. This is because of a change in the legal entity that charges the fees. Previously, fees were charged by Amazon Service Europe S.a.r.l (ASE), which did not have a UK establishment, so the fees were subject to the VAT reverse charge procedure. From 1 August, fees will be charged by Amazon EU S.a.r.l (AEU), which has a UK branch.
New service to manage import duties and VAT accounts
HM Revenue and Customs (HMRC) have published guidance on a new online service to help businesses with their import duties and VAT accounts.
If you or your business are involved in importing goods into England, Scotland, Wales and Northern Ireland, you can use the new service to get your import VAT statements and certificates; manage your payment accounts; and manage or view authorities.
Updated VAT road fuel scale charges from 1 May 2024
From 1 May 2024, the VAT road fuel scale charges will be updated. The new rates will need to be used from the start of the next VAT accounting period that begins on or after 1 May. So, if your next VAT quarter starts on 1 June, you will begin using the new rates for the quarter that begins on 1 June.
Could the VAT Annual Accounting Scheme be good for your business?
VAT-registered businesses normally submit their VAT returns and payments to HM Revenue and Customs 4 times a year. However, HM Revenue and Customs also offer an Annual Accounting Scheme for businesses with a taxable turnover of £1.35 million or less.
Spring Budget – VAT registration threshold increases
The thresholds for VAT registration and deregistration have remained static for the last 7 years, however an increase in the thresholds was announced in the Spring Budget. The new registration threshold is now £90,000, increased from £85,000. The deregistration threshold
