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 ...

Algirdas Šemeta, the European commissioner in charge of taxation, has proposed a uniform VAT return, in a move to simplify EU law. As part of the EU's end-of-term push to cut red-tape for businesses ...

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 ...

UK VAT registered businesses who are yet to sign up for the so-called Making Tax Digital (MTD) by today will fall foul to non-compliance, penalties and an inability to file their VAT returns. The ...

Effective cash flow management is critical to running a successful business. However, many companies overlook this fundamental principle, focusing primarily on revenue under the assumption that ...

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 ...