HMRC have produced clear guidance on what individuals and businesses will need to do when we have left the EU on 1 January 2021. There is an HMRC tool to use which will give specific information for your own personal or business circumstances which can be found here. …

Businesses who deferred their VAT payment which was due to be paid between 20 March and 30 June now have 3 options for payment. …

Becoming VAT registered can be a little daunting for those new to business. It means keeping your accounts records organised and and up to date and ensuring that you have VAT receipts for all the business expenses you want to claim back VAT on. It also means that you need to know whether the products or services you sell should have VAT added. …

During the current crisis HMRC has allowed VAT registered businesses to defer paying their VAT liability for the period between 20 March and 30 June 2020. This deferment applied to VAT periods ending 29 February, 31 March and 30 April where payments would be due by 7 April, 7 May and 7 June.
 
 That deferment period is now finished …

There are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know.
 
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