VAT

Budget 2011: online VAT filing for all

VAT filing is set to become compulsory for every registered business.

Firms urged to sign up early for new online VAT rules

Businesses are being reminded that new regulations governing the filing of VAT returns and the payment of VAT liabilities are to come into effect next year.

Simpler VAT system mooted

As part of its review of the small business tax regime, the Office of Tax Simplification (OTS) has put forward suggestions on the way that the VAT system can be streamlined and made easier to manage.

Dropping VAT relief would not harm smaller traders, says business group

Closing a relief which allows larger firms to move off-shore in order to pay no VAT on items valued at £18 or less would benefit rather than hit smaller businesses, it has been claimed.

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