Our charity and not-for-profit clients have asked us many questions about VAT over the years. Here we look at a small selection of those more frequently asked questions.
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Latest News & Events
UHY Hacker Young raise over £15,000 for the Mental Health Foundation
We are delighted to announce that the fundraising efforts of staff across our offices in the UK have raised over £15,000 for our 2017/18 national charity, the Mental Health Foundation.
Amazon and eBay face VAT liability bombshell as HMRC targets ‘sea change’ in attitudes
Unpaid VAT on online sales has become a huge issue in recent years, and has cost the Exchequer a vast amount in potential lost revenues.
UK bucks global trend for reductions in income taxes over the past two decades
According to our latest research, the UK is one of the few economies in the world to have increased income taxes for high earners over the past two decades.
Making Tax Digital for VAT
HMRC have recently published formal guidance on what MTD for VAT means. It will be mandatory for businesses trading over the VAT registration threshold to keep VAT records using ‘functional compatible software’.
Charity and not-for-profit sector outlook 2018/19
The end of 2017 and early 2018 have been eventful for the charity and not-for-profit sector. Serious incidents, particularly in relation to safeguarding, have occurred which have been widely publicised.
Making Tax Digital for VAT – what you need to know
It’s strange to think that until the 1980s there were no penalties for innocent VAT errors. Now the error can be punished by up to 100% of the VAT in issue.