UK: Value Added Tax (Amendment) Regulations 2018
The UK Government has released The Value Added Tax (Amendment) Regulations 2018, to provide for the introduction of new digital tax administration obligations for value-added tax registered persons in the UK. Under Making Tax Digital from April 1, 2019, businesses with a turnover above the VAT threshold (currently £85,000, or about $117,000) will have to: keep their records digitally (for VAT purposes only), and provide their VAT return information to HMRC through compatible software. Legislation here.
Latest Posts in "United Kingdom"
- VAT Treatment of Gift Hampers: Clearwater Hampers Wins Appeal on Composite Rate for Lidded Baskets
- Deliberate VAT Misclassification on Hotel Extension: Extended Time Limit Upheld in Nellstar Properties Case
- VAT on Hampers: Lidded Wicker Baskets Ancillary to Food and Drink, Not Separate Supply
- Scottish Private Schools Warned: No Bailouts Amid Financial Strain and New VAT Policy
- Understanding VAT Penalties: When They Apply, How They’re Calculated, and Ways to Reduce Them
