VAT

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A temporary reduction in VAT from 20% to 5% for worst hit sectors

Chancellor's Summer statement A temporary cut in the sales tax from 20% to 5% has been announced by the UK government for attractions, meals and accommodation.  Chancellor Rishi Sunak proposed the measure during his Summer Statement in order to provide relief for some of the sectors worst hit by the coronavirus pandemic. The VAT rate

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  • making tax digital calculator

Making Tax Digital for VAT

MTD has landed We first examined Making Tax Digital (MTD), and the arguments surrounding it, back in 2017.  Now that the dust has settled and MTD has come into force, it seems a good time for another look.   From VAT periods commencing 1st April, MTD now applies for most companies that have taxable turnover above

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