5 Things eCommerce sellers should know about European VAT Some pointers are more important than others. But the pointers below are things that every eCommerce seller should know about European VAT. The points below will help you to save European VAT refunds and contribute them to your bottom line as well as mitigate any penalties […]
What to Know About MTD Digital Links Consider this a beginner’s guide to understanding MTD digital links and why they matter to your business. If you’re a large UK company with your own finance team, then you may be all set for Making Tax Digital and remaining compliant but if you’re a small business with […]
The European Commission released a statement on Friday 7th May that it proposes to postpone entry into application of the VAT e-commerce package by 6 months. The EU commission hopes this will ease the pressure off businesses and member states that are facing bigger challenges in the midst of the Coronavirus crisis. The new proposed […]
2019 saw hundreds of thousands of UK businesses register for HMRC’s “Making Tax Digital” reform that was officially implemented in April last year. But that was the easy part. VAT managers, fasten your seatbelts because it’s going to be a bumpy 2020. Phase 2 is coming…
With small businesses operating as the backbone of any developing economy, often providing up to half of GDP (as in the UK), their longevity is of crucial importance to governments from all over the world.
Watch Gareth Kobrin, CEO of VATGlobal & Abbey Heller, of SAP Concur, discuss the upcoming Making Tax Digital deadline.
VAT registered businesses trading above the compulsory registration threshold (currently £85,000) will not be able to use manual records from 1 April 2019. Instead, businesses must use‘functional compatible software’ (digital records) to meet the new requirements.