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.
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
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 UK government has issued updated guidance on exporting goods to the EU. Now that the UK has left the EU, any UK-based company following standard export procedures must do the following: Get an EORI
Botswana is raising its VAT rate for the first time in a decade. The move aims to improve fiscal sustainability in the wake of the Covid19 pandemic. The pandemic has hit key sectors of the
The UK government is not planning to extend VAT relief measures aimed at supporting the hospitality sector. UK hospitality sector VAT had been cut from 20% to 5% to provide a lifeline to the industry
Important provisions of the EU e-commerce VAT package take effect from July 2021. Businesses selling goods to customers in the EU may need to update their VAT compliance procedures. The new provisions include an expansion
VAT compliance often seems like an abstract matter. Something for the accounts team to work out as they crunch the numbers. For small businesses, however, sharp shifts in VAT requirements can have massive real life
Kenya has joined the growing list of countries that have introduced a digital services tax (DST). DST will be charged on digital services supplied to users in Kenya, according to specified criteria (please contact a
UK tax authorities have updated guidance on UK VAT compliance and registering for VAT in the UK. According to HMRC guidelines, you are obliged to register for VAT in the UK if you are: A