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How Brexit and DRC will affect VAT returns

How Brexit and DRC will affect VAT returns

VAT returns due to be submitted by 7th May for the March 2021 quarter will be very different for many businesses due to the impact of Brexit and the new domestic reverse charge rules for builders (DRC). If you run a business in the construction sector or one that...
Is it now time to switch from VAT to a Sales Tax?

Is it now time to switch from VAT to a Sales Tax?

When I started working for HM Customs and Excise many moons ago, I always thought VAT to be an odd tax, especially in the way it was operated. VAT had been introduced in 1973 when the UK joined the European Economic Community (the forerunner of the EU), when it...