2 minutes to readWhen someone charges a customer to withdraw from an agreement to supply goods or services, the position can be complicated. What is the position as regards VAT – never a set of tax rules to take lightly? And why is it news now? In a nutshell Since 1 April 2022, there’s been something of a …
Coronavirus, importers, exporters and customs authorisations
< 1 minute to readTo assist with the COVID-19 response, HMRC has published guidance on COVID-19 easements for importers, exporters and customs authorisations on the following matters: Pay no customs duty and import VAT on medical supplies, equipment and protective garments during the COVID-19 response Moving goods through customs during the coronavirus response Customs authorisations during the coronavirus response …
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Making Tax Digital (MTD)- Extension for digital links
< 1 minute to readHMRC has confirmed an extension to the deadline for implementing digital links for MTD for VAT as follows: “We understand that the impact of COVID-19 is creating extremely difficult times for all, and we are committed to helping in every way possible all those businesses facing unprecedented challenges. Therefore, we are providing all MTD businesses …
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EU chain transactions and zero-rated goods: the VAT changes you need to know about
2 minutes to readA new law, in force since 1st January 2020, requires UK suppliers to Europe to produce a written statement to accompany the dispatch of goods to the EU. Amidst the post-General Election news and Brexit commentary, these changes may have slipped under the radar for many. We have outlined the requirements readers may not be aware …
