VAT Shake-Up Puts Pressure on Small Business Finances 28th March 2018. Lowering the revenue level at which a company is liable for VAT could create further financial distress for small businesses. Earlier this week, MPs on the Treasury select committee began

07/12/2017 Action against supply chain fraud in the construction sector (UK) Customers will become responsible for accounting for Vat on construction industry transactions with effect from 1 October 2019, when the government will implement the Vat reverse charge announced in

06/12/2017 Combating VAT fraud by overseas online sellers (UK) A ‘split payment’ method, where Vat is extracted from online payments in real time and deposited with the tax authority, remains the best option in HM Revenue & Customs’ view for

06/12/2017. Vat on vouchers in the EU (UK) New EU rules governing the treatment from 1 January 2019 of bought vouchers (eg book tokens, gift vouchers, electronic vouchers purchased from specialist businesses) that are used to buy something are explained

600,000 Small Firms Fear VAT Shake-Up In a major shake-up to the country’s VAT, up to 600,000 of small businesses who are currently under the tax threshold may have to start charging it on their goods.  Certain goods and food