One bundle. One price. Different VAT rates
Whatʼs the right way to sort out the VAT if you sell goods or services as a package or bundle?
Whatʼs the right way to sort out the VAT if you sell goods or services as a package or bundle?
The VAT treatment of property can be challenging. Normally, supplies of land and buildings are exempt from VAT.
The way in which HMRC charges penalties for late VAT return submissions and late VAT payments has changed. All VAT return periods starting on or after 1 January 2023 will be caught under the new VAT penalty system.
On 1 March 2021, the VAT domestic reverse charge for building and construction services comes into effect, changing who pays VAT to HMRC.
The new VAT deferral payment scheme opens soon allowing you to make up to 11 interest-free monthly instalments
As a business owner, it is important to understand when you need to register for VAT and the deadlines for completing VAT returns and payments.