VAT registration threshold to increase

[ad_1] Among the indirect tax Budget announcements is the increase to the VAT registration threshold from 1 April 2024. A new duty on vaping products will also be introduced as well as changes to airport passenger duty and landfill tax rates. The headline announcement for indirect taxes is that the VAT registration threshold will increase […]

HMRC to remove paper form for VAT registration

[ad_1] The VAT1 form will only be available to customers through the VAT helpline from mid November 2023. Over 95% of businesses, or their agents, already use HMRC’s online VAT registration service (VRS) to apply for VAT registration. HMRC wants to increase this further to speed up processing times for VAT registration applications. HMRC is […]

Self assessment registration deadline approaches

[ad_1] Taxpayers who need to submit a tax return for the tax year to 5 April 2023 should register for self assessment (SA) by 5 October 2023. Individuals who no longer need to file a tax return should also contact HMRC to have their notice to file withdrawn. The deadline for submitting a tax return […]

HMRC to close VAT registration helpline from 22 May 2023

[ad_1] HMRC plans to free up helpline resources to work on processing VAT registration applications. HMRC has announced a decision to close its VAT registration helpline from Monday 22 May. The helpline, which is separate from the main VAT helpline, was created specifically to help traders who have a concern around their VAT registration application.  […]