The European Commission will next week launch an initiative to harmonise forms to claim back value-added tax, in an attempt to reduce the administrative burden faced by businesses. In the absence of ...

VAT Return/Tax Return is a periodical statement which summarizes the value of the supplies and purchases made by a taxable person during the tax period. It shows the taxable person’s VAT liability i.e ...

Algirdas Šemeta, the European commissioner in charge of taxation, has proposed a uniform VAT return, in a move to simplify EU law. As part of the EU's end-of-term push to cut red-tape for businesses ...

The government will be introducing online submission of Value Added Tax (VAT) returns and payment to provide the taxpayers with a hassle-free system to boost revenue collection. "Initially, the system ...

I would appreciate your advice regarding a situation I'm currently facing. I'm in the process of signing on a client, Mr. A, who serves as the Importer ...

UK VAT registered businesses who are yet to sign up for the so-called Making Tax Digital (MTD) by today will fall foul to non-compliance, penalties and an inability to file their VAT returns. The ...

Effective cash flow management is critical to running a successful business. However, many companies overlook this fundamental principle, focusing primarily on revenue under the assumption that ...

It happens sometimes: your business is owed a VAT repayment, but delays in receiving the money from HMRC occur for some reason. How does this happen, and what should you do? This guide will cover when ...