Brent Goodwin, Author at Newby Castleman

27th April 202627th April 2026

VAT – Changes to your business?

2 minutes to readHMRC has recently updated its VAT information pack – HMRC VAT Notice 700/11. This contains some useful links and guidance on VAT registration as a whole, and also the criteria that should be considered when you cancel your registration. Are there changes to your business that require you to update your VAT registration? In a …

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21st October 20254th November 2025

Making Tax Digital for Income Tax exclusions – apply now

3 minutes to readHMRC is now accepting applications for exemption from Making Tax Digital for Income Tax (MTD for IT) if you qualify as ‘digitally excluded’. To be exempt on the grounds of digital exclusion, an application has to be made to HMRC and approved by them. What is digital exclusion? Looking at HMRC’s definition and the current …

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5th August 20245th August 2024

VAT and private school fees

2 minutes to readIt was confirmed last week that VAT will be charged on private school fees across the UK. This will take place from 1 January 2025. In addition, business rates charitable relief for private schools in England will cease. The tax changes will also enable private schools to recover VAT they have incurred on their expenditure. …

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24th July 202413th August 2024

Changes to VAT registration details? Update online only

< 1 minute to readHMRC is withdrawing the paper form VAT 484 used to notify changes to a trader’s VAT registration information. From 5 August 2024, changes will need to be made either: – by a trader’s agent through their Agent Services Account, or – through a trader’s own business VAT online (gateway) account. However, changes to bank details …

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29th May 202417th June 2024

VAT fraud: check your details

2 minutes to readThere have been recent cases where taxpayers’ bank account details have been amended on the HMRC portal, without their knowledge, so that VAT repayments have been diverted to a third party. Has HMRC contacted you to say your details have been changed? It is understood that Large Business ‘customers’ are being contacted by HMRC to …

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3rd April 202417th April 2024

VAT threshold changes

< 1 minute to read1 April 2024 saw the VAT 12-month taxable turnover threshold rise from £85k to £90k. This measure was announced by the Chancellor in the Spring Budget with the aim of helping to support small and medium-sized enterprises (SMEs). The deregistration threshold limit also increased by £5,000 from £83,000 to £88,000 from 1 April 2024. For …

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23rd August 202329th August 2023

Exporting goods? Prepare for new customs platform

2 minutes to readThose exporting goods need to be aware of HMRC’s new Customs Declaration Service (CDS). Originally planned to become mandatory on 30 November 2023, there has been an extension to the deadline for some businesses. Now – 1. Between now and 30 November 2023, high-volume exporters will be supported to move to the new platform. 2. …

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30th June 202317th January 2024

VAT payment plans – how to qualify

< 1 minute to readWould your VAT-registered business qualify for a payment plan? As a start, it would need to owe less than £20,000. Our VAT expert outlines the full qualifications for the ‘Self-serve time to pay for VAT’ service from HMRC below. Also known as time to pay agreements, the online VAT payment plan is available if a …

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17th January 20237th February 2023

Changes to VAT penalties

2 minutes to readHMRC have announced new VAT late submission, late payment penalties and interest charges for all VAT registered businesses. As part of HMRC’s ambition to become a modern, trusted tax authority, it is changing the way penalties are issued for submitting late VAT returns and paying VAT late. For  VAT periods starting on or after 1 …

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23rd November 202217th January 2023

VAT: changes to notification process

< 1 minute to readVAT: changes to the notification process for opting to tax land and buildings HMRC have further amended their guidance on the option to tax land and buildings. It is important to note that from the 1 February 2023 no acknowledgement letter will be issued by HMRC. Instead, they are now asking that traders include the …

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