VAT Archives

All VAT registered Farm Businesses Must Adopt MTD for April

All VAT registered farm businesses must adopt the government’s Making Tax Digital (MTD) for VAT agenda from April this year, regardless of annual turnover.

Spring Statement 2022

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices...

Car or van – what’s the difference for businesses?

In day-to-day life, few of us would struggle to tell the difference between a car and a van. But as is often the case, things aren’t so straightforward in the world of tax.

What does the Autumn Budget 2021 mean for you?

Recorded the day after Chancellor Rishi Sunak made his Budget Announcement and presented by Owen Kyffin CTA and Luke Wiseman ACA directors of Whitley Stimpson, this webinar recording digests the measures announced in the Autumn Budget 2021 and outlines how it will affect you, your family, and your business.

Experts welcome Government delay to digital tax reforms

A delay to tax reforms which would have seen sole traders and small businesses obliged to keep digital records and report income quarterly to HMRC has been welcomed by financial experts.

Are you having issues understanding the VAT reverse charge?

It has been just over four months since the introduction of the domestic VAT reverse charge for building and construction services. This major change for the construction industry moved the responsibility to the customer who receives a construction service. Customers...