vat

Find out the latest goings-on at TTR Barnes by browsing our news posts:

Simplifying the VAT Land Exemption – Summary of Responses Published 13th January 2022

Simplifying the VAT Land Exemption – Summary of Responses Published Following a call for evidence on “Simplifying the VAT Land Exemption” HMRC have published a summary of responses in November 2021. The purpose of the call for evidence was to […]

Read More 

Extended Loss Carry Back 5th August 2021

In March 2021, the government extended the carry back of losses for businesses. There is a temporary extension to the carry back rules and the period of time to claim trade losses. As announced in the Budget 2021, the period […]

Read More 

Apply now for the new VAT payment deferral scheme 2nd March 2021

The new VAT payment deferral scheme is now open. Find out what the scheme involves, how to apply and where to get further support.  What is the VAT payment deferral scheme? If you deferred VAT payments due between 20 March […]

Read More 

What is the VAT construction reverse charge? 17th February 2021

New rules on how VAT is handled in the building and construction services industry come into force on 1 March 2021. Read on to learn about what the VAT construction reverse charge is, who it applies to, and how it […]

Read More 

Guide to VAT on expenses 17th November 2020

For VAT-registered companies, reimbursing employee expenses can be a minefield. You may be entitled to claim back VAT on expenses and it’s important to remember that they should be treated as anything else you buy for your business. However, many […]

Read More 

Coronavirus VAT Payment Suspension 27th March 2020

In light of the coronavirus pandemic, HMRC has confirmed that companies will not be required to make VAT payments for three months from 20 March 2020 to 30 June 2020. Who is eligible for coronavirus VAT payments suspension? This change […]

Read More 

Guide to: Signing up for MTD software 8th July 2019

Do you have a June VAT quarter end? Is this your first month filing under Making Tax Digital? If so – do not leave it too late to sign up with HMRC to file under MTD and link your MTD software […]

Read More 

Supplier statements can now be used to record expenses 26th June 2019

Supplier statements can now be used to record expenses   HMRC’s latest update to its Making Tax Digital (MTD) policy is welcome news for businesses which use spreadsheet accounting. When MTD was originally introduced on April 1, businesses were required […]

Read More 

Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.