VAT review announced for small businesses

Earlier this week The Office for Tax Simplification (OTS) published its review of VAT – the first of its kind since the introduction of VAT over forty years ago. The review will come before VAT is due to go digital in 2019, as part of HM Revenue & Customs’ (HMRC)...

VAT and customs duty developments

Trade and Customs white papers published The Government released white papers on its Trade and Customs policies last week. The main points are as follows: Whatever the future arrangements, the UK will leave the current EU Customs Union and there will be some form of...