Tax return deadline looms
Do your Self Assessment tax return online by the end of January, or risk a penalty. That''s the message to come from HM Revenue and Customs.Returns online must be filed by the end of this month. If you...
Watch Now >
VAT man pledges good grace to EU IT contractors
Related Stories
It''s claimed the most savvy UK IT contractors working with services from the Continent have already contacted their suppliers to get hold of their VAT number.
That''s because if they supply high-margin goods, as well as services, the new rules may mean such contractors face three times the normal amount of paperwork and in only half the time.
These new rules apply to any UK IT contractor who deals with EU-based business customers, where VAT is due in the customer''s member state.
But from the first of this month, the way UK IT contractors get foreign VAT refunds has changed and has become much simpler, according to accountancy firm Blick Rothenberg.
Contractors looking for a refund of foreign VAT now need to submit their claim via an electronic portal that will be operated by HMRC.
-
PCG: time for a fresh approach to freelancing
The contractor representative group PCG is calling on the Government and policy makers to look at freelancing with fresh eyes at the start of the new decade.John Brazier, MD of the PCG, says freelance...
Watch Now >
-
Medical professionals on the tax table
Medical professionals are the latest workers to get a tax amnesty from the HMRC.Registration for the Tax Health Plan amnesty has kicked off this week and lasts until the end of March this year.Any medic...
Watch Now >
-
PCG demands fairer tax system
The voice of freelancing, the PCG, is calling for contractors to be treated more fairly by the tax system.John Brazier, the organisation''s MD, says a pro-business climate is needed in the UK, with "a...
Watch Now >
Video Transcript
The taxman is promising leniency when penalising EU IT contractors yet to reflect VAT reforms effective from January 1st.It''s claimed the most savvy UK IT contractors working with services from the Continent have already contacted their suppliers to get hold of their VAT number.
That''s because if they supply high-margin goods, as well as services, the new rules may mean such contractors face three times the normal amount of paperwork and in only half the time.
These new rules apply to any UK IT contractor who deals with EU-based business customers, where VAT is due in the customer''s member state.
But from the first of this month, the way UK IT contractors get foreign VAT refunds has changed and has become much simpler, according to accountancy firm Blick Rothenberg.
Contractors looking for a refund of foreign VAT now need to submit their claim via an electronic portal that will be operated by HMRC.
