August newsletter 2018

Well it might have been hot and we might still be in the summer “silly season”, but HMRC has been busy with new Business Briefs and information about Making Tax Digital. Revenue and Customs Briefs Revenue and Customs Brief 7 (2018) “VAT – motor...

Company directors and VAT penalties

Did you know that company directors can be held personally liable for VAT penalties? If a company has made a deliberate error on a tax return (either a ‘deliberate not concealed’ error, or one that is ‘deliberate and concealed’), HMRC can reallocate up to 100% of the...

Making tax digital for VAT

I recently saw an article reporting that HMRC has not yet prosectured any businesses who trade on Ebay, Amazon and other online platforms for VAT avoidance.  I don’t know whether the report is true, but if so, I can only assume that part of the reason is the...

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