vat

  1. What is the Import One Stop Shop (IOSS)?

    What is the Import One Stop Shop (IOSS)?

    UK Business Forums receives a lot of questions from members about the European Union’s (EU) new system for VAT accounting, the Import One Stop Shop (IOSS). Many business owners are confused about what’s needed to register for IOSS and how the new system works. In fact, some members have said...
  2. Making Tax Digital for VAT – April deadline looms

    Making Tax Digital for VAT – April deadline looms

    All VAT-registered businesses, regardless of turnover, have less than one month to comply with the latest Making Tax Digital (MTD) rules – or face penalties from HMRC. Ahead of the final roll-out of MTD for VAT, companies with a turnover of less than £85,000 must now get compatible accounting...
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