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Brexit to bring back 80s era postponed VAT accounting

Neil Warren, a columnist at AccountingWeb, explains how Brexit will resurrect postponed accounting rules for VAT imports – after a 35-year absence. To soften the blow on businesses after Brexit, the UK government is to bring back postponed VAT accounting rules – to facilitate better cash-flow for businesses. More: https://www.accountingweb.co.uk/tax/business-tax/brexit-brings-back-1980s-postponed-accounting-vat-rule

Uber is fighting its corner to be VAT exempt

Ride-hailing firm, Uber, is “defending itself vigorously” in an attempt to be exempt from paying VAT in the UK. This year’s accounts published on 8 October 2019 show Uber London Limited (ULL) detail their concerns, which include a possible £1billion tax bill should the firm be classified as a ‘transportation’ company. The tech giant has […]

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