As of the 2021/22 tax year, the way VAT Returns are worded has changed slightly.
This wording probably won’t change how you use the VAT Return, or the financial details you should report.
It’s simply a measure to introduce some clarity due to recent changes brought about by Brexit, such as postponed VAT accounting and the Northern Ireland Protocol.
Source: marketscreener.com
Latest Posts in "United Kingdom"
- Understanding VAT Obligations and Reliefs for Charities in the UK
- Guide to Claiming VAT and Import Duty Repayments: Eligibility, Process, and Requirements
- AI in Tax: Balancing Innovation and Risks in a Rapidly Evolving Landscape
- Deos Group.co.uk Ltd Wins Appeal Against HMRC on VAT Input Tax Disallowance and Penalty
- Colchester Institute Corporation v HMRC: VAT on Government Grants for Free Education Services
