VAT – ktpr.co.uk

By Kate Shaw
6th August 2020

Early warning from Saffery Champness that HMRC is to extend reach of MTD for VAT to all VAT registered businesses

HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform. Currently, only those businesses whose taxable turnover exceeds £85,000

By Kate Shaw
21st July 2020

Saffery Champness publishes FAQs to help with recent VAT changes for catering, accommodation and visitor attractions

The VAT team at Saffery Champness has produced responses to a series of FAQs that will help many rural and other businesses get it right when it comes to adjusting to the VAT changes announced by the Chancellor in his recent summer statement. In his statement, the Chancellor announced a temporary reduction in the VAT