The payment of VAT and duties can be a significant cash flow burden on businesses and HMRC has recognised this in the number of easements introduced in response to the COVID-19 crisis. The Chancellor ...

THE TAXMAN will be sending more than 40,000 letters out over the next few weeks informing businesses how to register for VAT. HM Revenue & Customs is focusing on businesses that have a turnover of £73 ...

THE NHS has finally won its 43 year battle with HM Revenue & Customs in regards to overpaid VAT, potentially bringing in millions of pounds for NHS trusts. The VAT reclaims relate to VAT overpaid by ...

HMRC collected a record £157.2bn from VAT bills in 2021/22, a 55 per cent increase on the £101bn collected the year before. It comes after businesses were forced to make up for payments they deferred ...

Businesses and individuals that are trading above the current VAT threshold but have not registered for VAT are being targeted in a HM Revenue & Customs campaign. The current VAT threshold applies ...