We tell you what UK VAT payers can expect to face if the UK can’t reach an agreement with the EU about the terms of its exit.
Digitizing VAT is the first phase of the UK’s Making Tax Digital program, designed to modernize the country's tax system. UK authorities have revised related deadlines, which call for certain businesses to keep digital records and submit VAT returns using compatible software.
The UK’s Autumn Budget leaves in place the UK’s low 19 percent corporate tax while vowing to tighten tax rules and crack down on online sales. This post addresses the main points of interest for corporations.
This month the UK Government issued a white paper laying out its proposals for a new customs landscape after Brexit.
The Brexit referendum will likely have significant implications for the UK's value-added tax system. Here are some important considerations to help you make informed VAT-related decisions as Brexit negotiations unfold.
In any tax system, a high level of certainty is required for both ease of tax administration and the efficient collection of tax liabilities. Likewise, for companies and their stakeholders, domestic and international tax-related certainty is a fundamental goal. The UK’s EU referendum and potential exit from the European Union represent serious threats to this desired stability. And the biggest challenge businesses will face from a potential “Brexit” will be negotiating the resulting uncertainty.