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United Kingdom

HMRC release new 64-8 Agent Authorisation Form

From 31 March 2022, businesses will need to use a new form 64-8 to give authorisation for agents and advisers to deal directly with HMRC on their behalf....Continued

The UK is making VAT digital - MTD reaches its next milestone

Her Majesty’s Revenue & Customs’ (HMRC) Making Tax Digital (MTD) initiative reaches its next milestone on April 1 2022, as it is extended to all businesses registered for UK VAT. ...Continued

Five operational UK VAT updates affecting systems, data, processes and controls

There are new UK VAT updates that will affect systems, data, processes and controls....Continued

UK Postponed Import VAT Accounting

In January 2021, the UK introduced an option for UK VAT registered businesses to defer paying Import VAT when goods are imported into the UK and instead apply a reverse charge in the UK VAT return....Continued

Businesses urged to sign up for Making Tax Digital for VAT before 1 April 2022

HMRC reminds businesses to take steps to prepare for Making Tax Digital for VAT (MTDfV) ahead of the April 1, 2022 deadline when it becomes mandatory for all VAT registered businesses....Continued

Extension of Making Tax Digital to all UK VAT registered businesses from April 2022

With effect on April 1, 2022, Making Tax Digital (MTD) for VAT will be extended to all UK VAT registered businesses regardless of their size...Continued

Dragon’s Den star and retail magnate Theo Paphitis headlines Inspire 2021

This year has been like no other. Who better to learn from how to successfully adapt to this change, than self-proclaimed shopkeeper and multimillionaire high-street retail magnate, Theo Paphitis....Continued

UK MTD for VAT on voluntary registrations proposal

The UK’s HMRC is considering extending the Phase II digital records and journey requirements to voluntary VAT registered business in 2022. The current plans is for phase II MTD to apply to businesses ...Continued

UK delays Brexit import declarations to January 2022

The UK government has announced today that it is extending the existing post-Brexit import customs declarations deferment from 1 July 2021 until 1 January 2022. The government outlined a revised timet...Continued

UK loses B2B triangulation VAT simplification with Brexit

Following the UK leaving the EU VAT regime from 31 Dec 2020, UK vendors have lost the right to use the B2B VAT triangulation simplification when selling goods between EU member states. UK businesses w...Continued