Amidst the turmoil of COVID-19, HMRC has suddenly reversed its position on early termination fees, announcing such fees are now subject to VAT. In addition, it is taking the controversial position ...
HMRC collected a record £157.2bn from VAT bills in 2021/22, a 55 per cent increase on the £101bn collected the year before. It comes after businesses were forced to make up for payments they deferred ...
THE TAXMAN will be sending more than 40,000 letters out over the next few weeks informing businesses how to register for VAT. HM Revenue & Customs is focusing on businesses that have a turnover of £73 ...
The payment of VAT and duties can be a significant cash flow burden on businesses and HMRC has recognised this in the number of easements introduced in response to the COVID-19 crisis. The Chancellor ...
As detailed in previous announcements, N Brown has been in a long running dispute with HMRC with respect to the VAT recovery of certain marketing costs. N Brown has consistently contended that as its ...
HMRC said the free, audio podcast highlights important VAT changes coming in on 1 April 2010, which mean VAT-registered traders with annual turnovers of £100,000 or more (excluding VAT) will have to ...
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