10

Sep

You will remember that the Chancellor gave much needed support to businesses in the hospitality industry by cutting the VAT rate to 5% in July 2020.   This lower rate will come to an end on 30th September and from 1st October 2021 until 31st March 2022, the VAT rate for businesses in hospitality will change…

02

Sep

Some of you may remember Making Tax Digital for VAT, which was introduced in April 2019 and it required all VAT registered businesses to report their VAT returns through digital software.   This in itself was quite a bit leap forward for some businesses, however they were already used to filing VAT returns quarterly so the…