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VAT - articles

Articles written by experts from ICAEW related to VAT under the UK tax regime.

Online VAT return is closing to 800 traders

Caroline Miskin 21-09-2021

HMRC is trialling a forced closure of the online VAT return for 800 businesses that should be complying with Making Tax Digital for VAT. ICAEW warns that these businesses will not be able to file VAT returns due on 7 October 2021 unless they have signed up to MTD VAT.

Tax news in brief


Highlights from the broader tax news week ending 15 September, which includes: applications open for three deputy judges for the UTT; income tax exemptions for players and officials at Euro 2020 and UEFA Super Cup matches in the UK; HMRC combines group VAT registration forms VAT50 and VAT51; and the UK and Switzerland agree deal on social security payments.

Does xxx software integrate with other packages?

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Kevin Salter 01-09-2021

A big fuss is often made about “integration” – the ability to transfer data from one package to another seamlessly to reduce rekeying and reduce the risk of errors.

Disciplinary update September 2021

Professional Standards Department 26-08-2021

Since the last newsletter in July, there have been a number of disciplinary outcomes published including the following tribunal cases, consent orders and fixed penalties.

Tax news in brief


Highlights from the broader tax news week ending 25 Aug, which includes: draft guidance on notification of uncertain tax treatment rules, a new online service to apply for VAT partial exemption using a special method, launch of an API to submit interest restriction returns and a reminder for parents of 16 year olds on child benefit claims.

Scrap exemptions to simplify VAT rules, urges ICAEW


ICAEW has reiterated its call for all VAT exemptions to be abolished in its response to HMRC’s consultation on how to simplify VAT rules related to land and property. It has also recommended the removal of all VAT options.

Changes to late submission and late payment penalties

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Andy Tall Taxline 01-07-2021

Andy Tall examines the changes to the penalty regime for VAT and ITSA contained in the Finance Act 2021.

Understanding management fees charged to a connected business

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Neil Warren Taxline 01-07-2021

Neil Warren shares practical tips about the VAT issues of a business making a charge for management services to an associated company.

Making Tax Digital: the current state of play


As work continues behind the scenes on the complex rollout of Making Tax Digital, ICAEW’s Tax Faculty has the latest details on where things stand with MTD for VAT and income tax.

EU VAT changes and what they will mean for UK businesses

ICAEW Insights 28-06-2021

UK companies need to ready themselves for the imminent VAT rule changes when selling to EU consumers (ie B2C transactions), as the changes will see them taxed according to the local VAT rate applicable in each EU country.

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