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Archive for the "VAT" Category

UK Budget 2024 – Blog 7 – VAT

9th March | Posted in: Business Tax, Company News, VAT

From 1 April 2024, the VAT registration threshold and deregistration thresholds will each increase by £5,000 to £90,000 and £88,000 respectively. These thresholds had previously been frozen at £8...

New VAT Penalties

24th February | Posted in: Company News, VAT

All VAT-registered businesses must now comply with the MTD for VAT regulations, which means keeping VAT records in a digital format and using MTD-compatible software to submit VAT returns. The [&helli...

New VAT Penalties for Late Returns and Payment of VAT

13th January | Posted in: VAT

A new points-based system for late VAT returns starts for return periods commencing on or after 1 January 2023. A financial penalty will apply when a number of points have […]...

New form for notifying HMRC of VAT errors

24th October | Posted in: Company News, Government Announcements, VAT

HMRC have launched a new online G-form which will be the default option to notify them of errors in VAT returns. This is for all VAT-registered businesses who wish to […]...

Are you ready for Making Tax Digital for VAT?

8th February | Posted in: Company News, Government Announcements, VAT

If you, or your organisation, are VAT registered and have not already signed up for Making Tax Digital (MTD) for VAT with HMRC then the time is here. From your […]...

The Scottish Budget 2022/2023

15th December | Posted in: Business Tax, Company News, Government Announcements, Personal Tax, VAT

The details of the Scottish Budget for 2022/2023 were announced on 9 December 2021. The Budget is mainly targeted at business recovery, the transition to “net zero” carbon emissions and […]...

Time is Running Out to Join the VAT Deferral New Payment Scheme...

17th June | Posted in: Coronavirus, VAT

The VAT deferral new payment scheme is open to all businesses that deferred paying VAT due between 20‌‌‌ ‌March 2020 and 30‌‌‌‌ June 2020 and were unable to pay in […]...

2021 Budget

10th March | Posted in: Business Tax, Capital gains tax, Company News, Government Announcements, Pensions, Savings & Investments, Personal Tax, Planning, Regulations, VAT

We have published a series of seven blogs highlighting what we believe are the key points from last week’s UK budget:- https://www.jsca.co.uk/budget-2021/ Income Tax and National Insurance https...

2021 Budget

5th March | Posted in: Government Announcements, VAT

This is the fourth in our series of seven blogs regarding the 2021 Budget delivered by the Chancellor, Rishi Sunak on 3 March 2021 and covers VAT and Duties. VAT […]...

Extension of Making Tax Digital (MTD) to All UK VAT Registered Bu...

26th February | Posted in: Company News, VAT

As advised in our blog of 25 February 2021,  ALL VAT registered businesses with turnover below the VAT threshold (currently £85,000) will need to report their VAT through Making Tax Digital [&helli...

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