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Tax

Changes to VAT MOSS rate for the UK and EU countries

Changes to VAT MOSS rate for the UK and EU countries HMRC have updated their guidance on VAT MOSS to reflect changes to the VAT MOSS rate for Ireland.  View the updated guidance at https://www.gov.uk/guidance/changes-to-the-vat-moss-rate-for-other-countries. Share this entryShare on FacebookShare on
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Tax

Changes to VAT MOSS rate for the UK and EU countries

Changes to VAT MOSS rate for the UK and EU countries HMRC have updated their guidance on VAT MOSS to reflect changes to the VAT MOSS rate for Finland and the Netherlands. View the updated guidance at https://www.gov.uk/guidance/changes-to-the-vat-moss-rate-for-other-countries. Share this entryShare
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Tax

Capital gains tax changes self assessment taxpayers need to know

Capital gains tax changes self assessment taxpayers need to know HMRC signals time is running out for anyone who sold a second home during 2019-20 to declare it on their self assessment tax return and pay the capital gains tax
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Tax

Budget 2021: furlough scheme extended to September

Budget 2021: furlough scheme extended to September The Chancellor has announced that the furlough scheme will be extended to the end of September with employers expected to make additional contributions from July. For employees, there will be no change to
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Tax

Budget 2021: corporation tax to increase to 25%

Budget 2021: corporation tax to increase to 25% The Chancellor plans to raise corporation tax by 6% to a new 25% rate from 2023 raising an additional £22bn in revenues. In April 2023, the rate of corporation tax will increase
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Tax

British exports facing tariffs on trade with the EU after Brexit.

British exports facing tariffs on trade with the EU after Brexit British exports will receive tariff charges after leaving EU. According to the BBC, an analysis from the University of Sussex’s Trade Policy Observatory found that between £2.5bn and £3.5bn
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Tax

Brexit and VAT: online sales, overseas marketplaces and tour operators.

Brexit and VAT: online sales, overseas marketplaces and tour operators. With only two months remaining until the transition period ends and the UK fully leaves the EU, preparations for Brexit are becoming ever more important. In terms of VAT, this
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Tax

Bounce Back Loan repayment terms extended to 10 years

Bounce Back Loan repayment terms extended to 10 years Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced. Bounce Back Loan borrowers will now
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Tax

April 2021 changes to Making Tax Digital (MTD) for VAT reporting

April 2021 changes to Making Tax Digital (MTD) for VAT reporting From 1 April 2021, UK VAT registered businesses will face more Making Tax Digital (MTD) obligations. These obligations were due to be implemented on 1 April 2020 but they
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Personal, Tax

Amazon External Tax Services Promotion

Amazon External Tax Services Promotion Are you an Amazon seller struggling with VAT requirements in Europe? Amazon is currently offering an 8000€ Promotion that enables eligible sellers to benefit from free VAT registration and 1 year of tax filings in
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Tax

Agreements reached between the United Kingdom of Great Britain and Northern Ireland and the European Union

Agreements reached between the United Kingdom of Great Britain and Northern Ireland and the European Union Finally, the United Kingdom and the European Union have agreed a Trade and Cooperation Agreement, an Agreement on Nuclear Cooperation and an Agreement on
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Tax

68% of SMEs negatively impacted by Covid cash flow crisis

68% of SMEs negatively impacted by Covid cash flow crisis  Two thirds of small and medium businesses have had their cash flow negatively impacted by the pandemic, while 23% have been hit ‘very negatively’. The latest research by online lending