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What is MTD and why should I care?
What is MTD and why should I care?

What is MTD and why should I care?

The UK tax office, HMRC, introduced Phase 1 if their ‘Making Tax Digital’ (MTD) initiative in April 2019. The much more demanding Phase II implementation was supposed to come into effect in April 2020, but this was delayed owing to the noise surrounding Brexit and the Covid-19 pandemic. However, it was only delayed by a [...]
HMRC report: Digital VAT compliance increases productivity
HMRC report: Digital VAT compliance increases productivity

HMRC report: Digital VAT compliance increases productivity

UK tax authorities have issued a new policy paper on extending the Making Tax Digital for VAT programme. Currently, VAT registered businesses trading above the compulsory VAT registration threshold must comply with digital VAT filing. From April 2022, VAT registered businesses that do not trade above the compulsory threshold will also be required to operate […]

Italy confirms UK companies don’t require fiscal representative
Italy confirms UK companies don’t require fiscal representative

Italy confirms UK companies don’t require fiscal representative

Italy, Belgium and Cyprus are among the EU countries that have confirmed that UK companies will not need a fiscal representative for VAT registration.  UK businesses will welcome the news. Clarity on VAT registration and compliance requirements makes it much easier to plan ahead.  The source of uncertainty Many EU states require businesses based outside […]

UK construction VAT reverse charge: potential cash flow consequences
UK construction VAT reverse charge: potential cash flow consequences

UK construction VAT reverse charge: potential cash flow consequences

The UK is introducing a new domestic VAT reverse charge process for the construction industry from 1 March 2021. The new regulations change the way contractors must manage VAT, under certain conditions.  In terms of the new VAT reverse charge for building and construction services regulations, subcontractors will no longer account for VAT. Rather, when […]

Private contractor or employee? Courts rule on gig economy status
Private contractor or employee? Courts rule on gig economy status

Private contractor or employee? Courts rule on gig economy status

A Dutch court of appeal has upheld a ruling that Deliveroo drivers are effectively employees and not independent contractors. The lawsuit was initially filed by Dutch trade union FNV. In the 2019 lower court ruling, the judge in that matter found that, despite the unique nature of gig economy employment, the relationship is nonetheless an […]

Cut UK VAT to support a green recovery: parliamentary report
Cut UK VAT to support a green recovery: parliamentary report

Cut UK VAT to support a green recovery: parliamentary report

UK MPs have called for reduced VAT on energy-efficient home improvements. The parliamentary Environmental Audit Committee (EAC) recommends incentives to promote enhanced home insulation and more efficient heating, as well as steps to make electric cars and other electric goods more affordable. The EAC report also recommends that the UK government consider applying carbon taxes.  […]

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