#VAT Tag

The latest Finance Bill includes important changes to private residence relief that took effect from 6 April 2020. The first change is to limit to just 9 months the period prior to disposal that counts as a period of deemed occupation and thus exempt from CGT...

The Government will support businesses by deferring Valued Added Tax (VAT) payments for 3 months. The deferral will apply for payments dates falling between 20 March 2020 to 30 June 2020. All UK businesses are eligible.   If businesses wish to take advantage of the deferral you MUST stop...

HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep business records provided that there is bridging software that links to the...