Business and Charging VAT [UK]

Businesses and charging VAT Contents How VAT works VAT rates What you must do when charging VAT VAT-inclusive and exclusive prices When not to charge VAT Charging VAT to charities Returned goods Discounts and free gifts Providing services to EU businesses How VAT works You can only charge VAT if your business is registered for VAT. VAT is charged […]

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VAT Record Keeping [UK]

VAT record keeping Contents Overview VAT invoices VAT records VAT account Time of supply or tax point Overview VAT-registered businesses must: keep records of sales and purchases keep a separate summary of VAT called a VAT account issue correct VAT invoices Most VAT registered businesses who earn over £85,000 must follow the rules for ‘Making Tax Digital for VAT’. If you’ve signed up for Making Tax Digital […]

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VAT Returns [UK]

VAT Returns Contents Overview Fill in your return How to submit your return Deadlines Surcharges and penalties Assessments Interest on underpaid or overpaid VAT Overview You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’ The VAT Return records things for the accounting period […]

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VAT Mini One Stop Shop [UK]

Register for the VAT Mini One Stop Shop scheme How to register and use the VAT Mini One Stop Shop to report and pay VAT due on sales of digital services to consumers in the EU. Published 1 October 2014 Last updated 19 November 2018 — see all updates From: HM Revenue & Customs Contents Overview […]

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Valuations [UK]

How to value your imports for customs duty and trade statistics Requirements of the import valuation system and methods for determining the value of goods produced outside the EU, for customs and VAT calculations. Published 24 September 2012 Last updated 13 June 2013 — see all updates From: HM Revenue & Customs Contents Introduction Declaring an […]

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Simplified Import VAT Accounting [UK]

Reduce financial guarantees using Simplified Import VAT Accounting Use Simplified Import VAT Accounting to lower the financial guarantees you give for the Duty Deferment Scheme. Published 1 July 2014 Last updated 25 August 2017 — see all updates From: HM Revenue & Customs Contents The Duty Deferment Scheme and financial guarantees Conditions for SIVA approval Apply […]

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VAT Refunds in other EU States [UK]

Refunds of VAT for UK businesses buying from other EU countries How to reclaim VAT you’ve paid in another EU country if you’re registered for VAT in the UK. Published 1 July 2014 From: HM Revenue & Customs Contents Overview What can be refunded What cannot be refunded Importing goods from non-EU countries into an […]

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VAT Place of Charge [UK]

Work out your place of supply of services for VAT rules Find out which country’s VAT rules to use when supplying services abroad. Published 1 July 2014 From: HM Revenue & Customs Contents What ‘place of supply’ means Which country’s VAT rules to use when charging VAT on services Broadcasting, telecommunications and e-services The general […]

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VAT Refund Scheme [UK]

Guidance EU businesses buying in the UK and the VAT refund scheme Reclaim VAT you’ve paid on goods and services bought in the UK if you’re an EU VAT-registered business using the VAT refund scheme. Published 1 July 2014 From: HM Revenue & Customs Contents Overview Eligibility What can be reclaimed What cannot be reclaimed […]

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VAT Refunds [UK]

Guidance Refunds of VAT for non-EU businesses visiting the UK Reclaim VAT you’ve paid on goods and services bought in the UK to use in your business if you’re registered as a business in a non-EU country. Published 1 July 2014 From: HM Revenue & Customs Contents Overview Eligibility What can be reclaimed What cannot […]

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VAT and Foreign Currency [UK]

Guidance Transactions in foreign currencies and VAT How to create invoices for transactions in foreign currencies and convert them into pound sterling when you account for VAT. Published 1 July 2014 Last updated 18 June 2018 — see all updates From: HM Revenue & Customs Contents Overview How you convert foreign currency transactions into sterling The […]

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New Separate VAT Registration [UK]

Separating domestic and EU VAT registration Revenue is currently developing a two-tier VAT registration system whereby you can apply for a ‘domestic-only’ registration or an ‘intra-EU’ registration. This change will apply only to persons applying for VAT registration after 17 June 2019. ‘Domestic only’ registration applies to goods and services supplied and received in the State. […]

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HMRC EU VAT Sales List Guidance

Skip to main content GOV.UK uses cookies to make the site simpler. Find out more about cookies or hide this message  GO.UK Search Departments Worldwide How government works Get involved Publications Consultations Statistics News and communications Home Money Guidance How to report your EU sales for VAT Find out how to report supplies of goods and services to […]

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HMRC Intrastat Guidance

Skip to main content GOV.UK uses cookies to make the site simpler. Find out more about cookies or hide this message  GOV.UK Search Home Notice 60: Intrastat general guide HM Revenue & Customs Notice Notice 60: Intrastat general guide Updated 1 August 2018 Contents Foreword 1.Introduction 2.Intrastat 3.Information on submitting Supplementary Declarations (SDs) 4.How to provide Supplementary Declarations […]

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VAT for Business UK No Deal Notes

Purpose The purpose of this notice is, in the event that the UK leaves the EU on 29 March 2019 (may also apply to new exit date on 31 December 2020) with no agreement, to inform UK businesses of the implications for VAT rules for goods and services traded between the UK and EU member states. It outlines the impacts and gives information for businesses to […]

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VAT Transitional

The Regulations make a number of transitional provisions to deal with some of the issues that will arise when amendments are made to primary value added tax law (“VAT”) in consequence of, or otherwise in connection with, the withdrawal of the United Kingdom (“UK”) from the European Union (“EU”). Regulation 1 provides for the commencement […]

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VAT Disclosure Information

EXPLANATORY MEMORANDUM TO THE VALUE ADDED TAX (DISCLOSURE OF INFORMATION RELATING TO VAT REGISTRATION) (EU EXIT) REGULATIONS 2018 2018 No. 1228 1. Introduction 1.1 This explanatory memorandum has been prepared by Her Majesty’s Revenue and Customs (‘HMRC’) and is laid before the House of Commons by Command of Her Majesty. 2. Purpose of the instrument 2.1 This […]

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VAT Postal Packs

EXPLANATORY MEMORANDUM TO THE VALUE ADDED TAX (POSTAL PACKETS AND AMENDMENT) (EU EXIT) REGULATIONS 2018 2018 No. 1376 1. Introduction 1.1 This explanatory memorandum has been prepared by Her Majesty’s Revenue and Customs (“HMRC”) on behalf of both the Commissioners for Revenue and Customs (“the Commissioners”) and the Treasury and is laid before the House of Commons […]

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New Customs and VAT Legislation UK Parliament

Important Notice- See the Disclaimer Below Brexit Legal, McMahon Legal and Paul McMahon have no liability arising from reliance on anything contained in this article nor on this website Contact McMahon Legal  Share this article

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Reporting EU Sales

How to report your EU sales for VAT Overview If you’re a VAT-registered business in the UK supplying goods and services to VAT-registered customers in an EU country, you must tell HMRC about those supplies. Use an EC Sales List (ESL) to show: details of each of your EU customers the sterling value of the supplies you […]

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Guidance Claim refunds of UK VAT from 1 January 2021 if you’re an EU business New rules for January 2021 The UK has left the EU, and the transition period after Brexit comes to an end this year. This page tells you what you’ll need to do from 1 January 2021. It will be updated […]

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Reclaiming VAT in EU

You can continue to use the EU VAT refund system to claim a VAT refund on expenses incurred before 1 January 2021 in EU member states, until 11pm on 31 March 2021. You will not be able to use the EU VAT refund system to claim refunds of VAT on expenses incurred in an EU […]

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