What are some of the key Post-Brexit VAT Changes
What are the changes for those importing goods from EU member states to the UK? UK VAT registered businesses can account for import VAT at the time of their VAT return rather than having to pay it soon after the goods arrive in the UK from 1 January 2021 after the introduction of ‘postponed accounting’ […]
What are Your Rights and Obligations When You Have Done Something Wrong in Compliance Checks?
This article carries on from the previous one on How to Deal Effectively with HMRC’s Compliance Checks? and talks about your rights and obligations for compliance checks. Can you ask the HMRC to stop the compliance check? Your first need to tell HMRC why you think it should stop the compliance check. If the HMRC […]
What is the Concept of Tax Residency and Foreign Income?
1. What is foreign income? Foreign income is anything from outside England, Wales, Scotland, and Northern Ireland. The Channel Islands and the Isle of Man are classified as foreign. You may need to pay UK Income Tax on your foreign income, such as: Wages if you work abroad Rental income on overseas property Income from […]