- New research commissioned by tax software company Avalara reveals that 71% of UK businesses find VAT returns too complex and 93% of business decision-makers would support a movement to simplify the rules
- Nearly a quarter (24%) of UK businesses have been audited for filing their VAT return inaccurately or late
- Despite this, nearly a third (29%) of UK businesses are hesitant to invest in tax technology to support their business in the calculation and preparation of VAT returns
- VAT was introduced in the UK 50 years ago on 1 April
Source Avalara
Latest Posts in "United Kingdom"
- UK Announces New Steel Trade Measure to Protect Domestic Industry from 2026
- HMRC Launches Custom OTT Notification Feature for Tariff Changes
- UT classifies O’Neill wetsuits as textile garments, overturning lower-duty rubber classification
- HMRC Updates Guidance on Post-Clearance Amendments to Import Declarations
- Healthspan Ltd – UT – Admissibility of Expert Evidence in £56 Million VAT Dispute
