HMRC is bearing down with increasing force on construction over VAT domestic reverse charge. Chartered tax adviser Tony Cochrane explains all.

QUESTION: I prepare and complete the quarterly VAT returns for my small business and noticed recently that I had made some errors in previous returns. Can you advise how I correct these, and will ...

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 ...

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 ...

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 ...

The National Board of Revenue (NBR) has extended the deadline for VAT return submission till March 18 following a technical glitch in its online system, the Integrated VAT Administration System. In a ...