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Postponed VAT Accounting, also known as PVA, is a process for accounting import VAT that was introduced on 1st January 2021. Essentially, rather than pay import VAT when your goods are imported into the UK, and then reclaim the VAT on your VAT return, PVA allows you to both declare and reclaim the import VAT on your VAT return. Meaning no cash is transferred and your VAT liability is neutral (as the amount you pay is offset by the amount you reclaim).

Salary, dividends, or both? And how much?

An overview of payroll, relevant for anyone paying a salary to a UK employee. We cover legal obligations and how to handle it.

Amazon recently announced changes to their payments service provider (PSP) policy. Make sure your PSP is an approved provider otherwise you may face payment disruptions.

At the start of the coronavirus pandemic in March 2020, HMRC allowed VAT payments due between 20th March 2020 and 30th June 2020 to be deferred until 31st March 2021. Later in 2020, they announced that this deferred payment could be spread throughout 2021. This was known as the VAT deferral payment scheme. This article provides instructions and information on repaying that deferred VAT.

You might receive a letter from the Information Commissioner’s Office notifying you that you may need to pay an annual fee called the data protection fee. What do you need to do and why does it matter?

On the 1st January, there are a number of upcoming changes planned for VAT and as a result of Brexit. This article looks at how they affect Amazon UK sellers.