VAT: treatment of vouchers

Rules for the tax treatment of vouchers will be simplified from January. The government will implement an EU Directive on the VAT treatment of vouchers in time for the required date of 1 January 2019. This will simplify the rules for the tax treatment of vouchers,...

VAT vs. Brexit

What happens to VAT if there is no deal? Last month, the Department for Exiting the European Union issued guidance on how to prepare for Brexit if there is no deal. ACCA issued a statement highlighting the main impact on the VAT situation once UK is out of the...

Preparing for Brexit

Preparing for Brexit A look at government guidance, including on VAT MOSS. The guidance issued by the government to businesses and consumers – How to prepare if the UK leaves the EU with no deal – contains guidance on each of the following areas: applying for...

Update on option to tax

Property VAT and option to tax can be a challenging area. VAT reform is never out of the news and many areas are highlighted as needing simplification. The current complexities and solutions to the most common challenges faced by businesses and advisers on property...

VAT special schemes

Businesses could benefit from considering these special schemes. As the Making Tax Digital (MTD) for VAT April 2019 date looms large (coupled with delays to HMRC’s digital projects) it is worthwhile looking at VAT special schemes. A number of special schemes are...

MTD for VAT is coming

Since mainstream Making Tax Digital (MTD) was delayed, time has passed quickly and many businesses thoughts have passed to more pleasant things like tax returns and GDPR! But MTD is back on the horizon and it will impact on VAT shortly. What changes does MTD for VAT...
Whitefield Tax - Isle of Wight Accountants - IR35 specialists
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