VAT In The Digital Age

VAT In The Digital Age

Hot on the heels of the biggest change to VAT since its inception, there are now proposals to further reform EU VAT that have recently been in consultation. The proposals have three strands: The modernisation of VAT reporting obligations and the facilitation of...
Proposals for an Online Sales Tax

Proposals for an Online Sales Tax

The Government issued proposals for an online sales tax earlier this year. Here we take a look at the arguments for and against and what challenges the introduction of such a tax might pose. Why is an online sales tax needed? The coronavirus pandemic and consequent...
Benefits of Being Vat Registered: Is It Worth Being Vat Registered?

Benefits of Being Vat Registered: Is It Worth Being Vat Registered?

In this article, we explore the potential benefits to businesses of registering for VAT in the UK. There are many different factors to consider when registering your business for VAT. Depending on your individual circumstances, it may be that you will overall see a...
VAT Changes for Amazon 2021 – Everything That You Need to Know

VAT Changes for Amazon 2021 – Everything That You Need to Know

The changes outlined below are relevant to businesses that are selling on Amazon to customers in the UK where the goods are stored outside the UK or where the goods are stored within the UK but the seller is based outside the UK. On the first of January 2021, several...
Ecommerce VAT Changes 2021

Ecommerce VAT Changes 2021

From the start of 2021, HMRC introduced a number of changes to the rules of VAT for ecommerce and how businesses need to account for it. Some of these changes are a direct result of Brexit and any business making sales or deliveries of goods to consumers in the EU are...
Low Value Consignment Relief Withdrawal

Low Value Consignment Relief Withdrawal

Low-Value Consignment Relief (LVCR) relieves import VAT on commercial imports of goods valued at £15 or less or €22 within the rest of the EU. Customs duty is relieved on commercial imports of goods valued at £135 or less (except those that contain excise goods –...