VAT

Back to Tax Basics: How does VAT work?
Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value...
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Postponed VAT accounting from 1 January 2021
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The Brexit transitional period comes to an end of 31 December 2020 and various changes...
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Deferred VAT and tax
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More time to pay back deferred VAT and tax At the start of the pandemic,...
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Paying back deferred VAT
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At the start of lockdown, the Government announced a number of measures to help businesses...
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Reduced rate of VAT for hospitality and leisure
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The hospitality and leisure industries have been severely affected by the Coronavirus pandemic. To help...
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FRS for VAT – Who is it for?
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The VAT flat rate scheme (FRS) is used by many small businesses to help simplify...
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