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De-Registering for VAT

Many businesses have seen a drop in turnover over recent months. If you are VAT registered this may have taken you below the VAT threshold  – so can you de-register? Well, its attractive, and possibly beneficial if you can.  But as with a lot of things the devil...

ACCA on Bad debt relief and VAT claims

A 60 second guide to VAT return adjustments on bad debt.   Debts outstanding for more than six months after the later of the date when the payment was due and payable or the date of supply require adjustment in VAT returns of both the supplier and the customer....

ACCA on Covid-19 and impact on VAT

Deferrals, PPE and more in this handy summary. VAT deferral VAT registered business can defer VAT payments that are due from 20 March 2020 to 30 June 2020. The measure applies to payment deadlines for the following VAT quarters: 29 February 2020: normal payment...