European VAT Changes from 1st January 2021 The UK left the EU officially on 1st January 2021, when new rules will come into force. Businesses will have to comply with these rules in order to import or export goods from EU member states. From 1st January 2021 Acquisitions and Dispatches will now be called Imports …
We published a blog at the beginning of January 2021 in respect of VAT due between 20 March 2020 and 30 June 2020 which was deferred. This was originally payable by 31 March 2021. However, it is now possible to pay in instalments. HMRC have recently announced that the scheme will be open from 23 …
We have been using Iris Openspace for the last couple of years as a secure way of sharing documents with clients, since the changes brought in by GDPR. We have used it more extensively during the Covid-19 pandemic, as it also allows e-signature of documents such as tax returns and accounts. However, the purpose of …
The VAT Domestic Reverse Charge is a change to charging VAT within the construction industry. It is essentially an anti-fraud measure designed to deal with ‘missing trader’ fraud, where companies charge and receive VAT from customers but have no intention of paying this VAT to HMRC. When Does It Apply From? The Domestic Reverse Charge …