Mobile nav toggle button
Close the menu

Changes to Flat Rate VAT Rules

You may remember we talked about changes to the Flat Rate VAT rules coming into effect 1 April 2017, in our Budget special. The Flat Rate VAT changes are now a reality for many of us, so it’s time we went into a little more detail. This scheme has been a great way for service businesses to…

Read more


The Autumn Statement and What It Means to You

The Chancellor delivered his Autumn Statement on Wednesday 23 November, which highlights what we can expect in the new tax year starting 6 April 2017. Below are the main highlights:     Business Tax Corporation tax is set to fall to 17% from 20% by 2020. £400m pledged into Venture Capital trusts to invest in innovative…

Read more


How does Xero account for MOSS sales?

If you provide digital services to consumers in the EU, and have registered for HMRC’s MOSS scheme, you can set up Xero to record and report MOSS sales. For further information about the MOSS scheme, refer our earlier blogs and to the HMRC’s website: Register for and use the VAT Mini One Stop Shop  …

Read more


Electronically Supplied Services and The EU VAT Changes #VATMOSS

Please see my blog on the EU VAT changes coming into force on 1 January 2015 and what it’s all about.  This blog specifically addresses the definition of Electronically Supplied Services, as it is such a minefield.  It may be worth checking out and joining the Digital VAT 2015 Facebook group, whose members are businesses…

Read more


EU VAT Rule Changes #VATMOSS

What is it? A new EU ruling which will come into force on 1 January 2015, requiring any business selling digital services to EU consumers to charge VAT based on where the consumer is based (instead of previously where the supplier was based). This ruling is changing all the time – the latest HMRC update…

Read more