Ecommerce accountant and EU VAT Specialist
Mini budget 2022: Tax cuts all round and key points It comes on top of plans to freeze household energy bills at £2,500 for a typical household. The government was never going to let households face soaring energy bills. However, it is great change and tax cuts all round. National Insurance (NI) The 1.25 percentage …
Mini budget 2022: Tax cuts all round and key points Read More »
Penalties for businesses failing to sign up for Making Tax Digital HMRC’s online VAT return will close on 1 November 2022. From that date, businesses and register for MDT agent will only be able to file VAT returns. Sign up client for MTD compatible software and set up HMRC online account. Therefore, you need HMRC …
Penalties for businesses failing to sign up for Making Tax Digital Read More »
How to be carried out HMRC Tax investigation? This article gives you practical information about how an HMRC investigation is carried out and what happens at the end of it. What triggers an investigation? In most of the case, HMRC claims compliance checks are usually triggered when figures submitted on a return appear to be …
UK PLASTIC PACKAGING TAX APRIL 2022 The HMRC Plastic Packaging Tax (“PPT “) that has taken effect on 1 April 2022 and applies to packaging tax in the UK that contains less than 30% recycled plastic content at a rate of £200 per metric tonne. The tax only applies to “finished” plastic and mixed-plastic packaging …
Extended Producer Responsibility ( EPR ) Compliance The Packaging Act amendments, which replaced the extended producer responsibility Ordinance on 1 January 2019. It created the Central Agency Packaging Register (ZSVR). To comply with the Packaging Act, you will need to license your packaging with a dual system and register with the LUCID packaging register. Any …
Fiscal representative for ecommerce sellers in France A Fiscal Representative may be required in France for businesses looking to registration for VAT in France. It is mandatory for most of non resident, who carry out local activity by providing goods or services to French businesses or individuals. The local Tax representative in France will be …
Fiscal Representative for ecommerce sellers in France Read More »
What is the Harmonized System? The International Convention on the Harmonized Commodity Description and HS Codes Coding System entered into force on 1 January 1988 with three objectives: to facilitate international cross-border trade and the collection, comparison, and analysis of statistics by harmonising the description, classification, and coding of goods in international trade. to reduce …
New Agent Authorisation form 64-8 The 64-8 covers authorisation for individual tax affairs (Self-Assessment, partnerships, trusts, tax credits and individuals under PAYE) and business taxes (VAT, PAYE for employers and Corporation Tax). On 31 March 2022, form 64-8 changes for new clients. Existing clients do not need to re-authorise their current relationship. There is no …
In January 2022, the Council of the European Union granted their approval to Belgium VAT to continue applying the small business VAT exemption. This VAT exemption will apply to small businesses whose annual turnover does not exceed EUR 25,000. This means that small businesses will not have to complete the below steps: Change VAT to …
Director loan overdrawn and paying back Directors loan account is a way to keep track of the transactions. It is take place between the director and director own personal or family business. However, there are tax ramifications for the company. If the director owes money to the company. The loan remains due nine months and …