HMRC expected VAT to be charged by reference to the amount of rent given-up by the landlord, based on an assumption that the landlord and tenant were providing something of equal value to each ...

Vale Wildlife Hospital, which celebrated its 40th anniversary in 2024, relies on public donations to continue its work, with running costs of about £75,000 a month. It treated more than 8,000 animals ...

A Cardiff man was hit with tax bills totalling £500,000 from 11,000 firms, mostly from China, after HMRC allowed them to register for VAT to his address. The extraordinary case “looks to all ...

Amidst the turmoil of COVID-19, HMRC has suddenly reversed its position on early termination fees, announcing such fees are now subject to VAT. In addition, it is taking the controversial position ...

Currently, HMRC tells business owners and accountants it could take up to 40 working days, around eight weeks, to deal with a VAT registration request. The taxman says it usually deals within this ...

HMRC closes VAT registration helpline from today, meaning business owners could be left waiting up to 40 days to hear back from the taxman By ANGHARAD CARRICK FOR THIS IS MONEY Updated: 09:50 EDT ...

But the gap between what HMRC estimated it is owed in VAT and what it collected was greater last year than the year before. The gap stood at £8.8bn in the 2022-2023 tax year, up from £7.6bn in ...

Step one: register with HMRC Sign up with HMRC for MTD as this won’t be done automatically. You will also need to authorise your software before you can start submitting VAT returns.

Discover why the VAT reverse charge has come into force and learn about HMRC’s ‘light touch’ to mistakes New legislation from HMRC means that if your construction business is part of the Construction ...