VAT

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).

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.

There are a number of changes coming to UK VAT on the 1st January 2021. Previously we outlined a summary of these changes, however, in this article we will be looking at how these changes affect dropshippers and what actions need to be taken now.

There are a number of major changes being introduced to the way that ecommerce businesses need to account for VAT that come into effect from 1st January 2021. This article summarises the key points and changes that ecommerce businesses need to be aware of.

When a sole trader becomes a limited company, does the turnover of the sole trade count towards the limited company’s VAT threshold, or does it reset? This article explores why converting from a sole trade into a limited company resets your VAT threshold.

With many of our clients operating across Europe and Brexit fast approaching, we often receive questions about PAN EU VAT. This blog post aims to cover the most common questions that we get asked about PAN EU VAT.

There are a couple of ways to pay your VAT bill. This blog post outlines how to pay your VAT bill to HMRC.

What you need to know about UK VAT, registration and ongoing returns and how we deliver the service in a way that saves you time and hassle.