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Posted by on in VAT

From 1 January 2015 changes will be made to the place of taxation of consumer supplies of telecommunications, broadcasting and e-services. Currently these supplies are taxed in the Member State in which the business is established. However, from 1 January 2015, the place of supply will be determined by the location of the customer who receives the service. This change will mean that businesses who supply these services will not have to register for VAT in every EU Member State where they have customers.

To avoid the need for businesses affected by these changes to register for VAT in other Member States, a Mini One Stop Shop (MOSS) will also be introduced from 1 January 2015. The MOSS scheme will allow businesses affected by the changes to avoid registering for VAT in every EU Member State where they make supplies.

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©Infomanagement
Tagged in: HMRC Tax
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HM Revenue & Customs (HMRC) understands that the introduction of the new tax will be difficult for many customers, particularly smaller customers making their first return and payment. HMRC has also encountered some system issues which have confused some customers and made it more difficult for them to comply. 

Exceptionally, therefore, HMRC has decided not to apply penalties for the late submission of the first returns.  This only applies to these penalties.  No other penalties are affected.

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©HMRC
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The aim of the consultation is to discover the extent to which manufacturers make such payments; to consider how UK law needs to change to accommodate them; what impact that may have and what administrative burdens it may give rise to.

©HMRC
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Posted by on in VAT
HMRC Reference: VAT Notes 01/13

International trade developments

Our plans for future developments in International Trade, including details of the Union Customs Code (UCC), Authorised Economic Operators (AEOs), Economic Operator Registration and Identification (EORI) scheme, Export Control System (ECS) Import Control Systems (ICS); The ERTS & Temporary Storage Policy Review; and more.

©HMRC
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Notifying HMRC and paying VAT on vehicles brought into the UK Notifying HMRC and accounting for VAT when buying new or second-hand vehicles from within the EU or outside the EU for use in your business

Motor dealers and VAT: buying vehicles for resale or other use How to notify HMRC and account for your VAT when purchasing new or second-hand vehicles for resale, rental, demonstrators or courtesy cars

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©HMRC
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Posted by on in VAT

Readership

This brief is relevant to those carrying on a trade or property business. It applies both to individuals and companies incurring expenditure on repairing business assets.

New guidance

HM Revenue & Customs (HMRC) is publishing revised draft guidance on what is a repair for direct tax purposes.

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©HMRC
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