New VAT schedules have been published  by the Joint Professional Bodies Engagement Letters Working Party (AAT, ACCA, ATT, CIOT and STEP) to reflect changes following the end of the transition period on departure from the EU.  These replace the VAT schedules included in the main engageme

"We’re currently dealing with a high volume of VAT Registration applications. As a result, we’re processing around 70% of these applications within 30 days and the majority of those cases within 5 working days.

Last month, HMRC confirmed that the usual £100 late filing penalty for 2019/20 returns filed after the deadline of 31 January 2021 would be waived - provided that any outstanding returns were fil

Last updated 17 March 2021

Background When a taxpayer makes a payment towards their self-assessment bill, there is an order of priority which dictates how the funds received are allocated against the amounts owing.

Taxable trusts should have updated their records on the register by 31 January 2021 but this has proved challenging for a number of reasons, not least the new requirement for trustees to complete a digital handshake with their agent to authorise them to act.

To support businesses during the COVID-19 crisis, VAT payments due between 20 March 2020 and 30 June 2020 were automatically deferred until 31 March 2021.  However, businesses don’t have to pay the deferred balance in full by 31 March, and instead have the opportunity to spread repayments un

The findings and conclusions in the report follow over a year’s engagement between HMRC and stakeholders including the specifically created HMRC Powers and Customer Safeguards Implementation Evaluation Forum (Evaluation Forum), of which ATT is a member.

Text from HMRC:  "Purchases of land and buildings in England and Northern Ireland are subject to Stamp Duty Land Tax (SDLT). It’s charged on the purchase price of a property and must be paid within 14 days of the purchase to Her Majesty’s Revenue and Customs (HMRC).

Crime Indicators for Accountants This session looked at 5 crime indicators for accountants based on recent court cases and investigations.