Accounting for VAT on advance payments and deposits from 1 March 2019 As announced in the Autumn Budget there is a change in the VAT treatment of deposits that takes effect from 1 March 2019. When is VAT due on a deposit? If an advance or down payment is made in...
Making Tax Digital for VAT – final preparations With just seven weeks to go before Making Tax Digital (MTD) is introduced most VAT registered businesses need to be making their final preparations. Deferred businesses If you must join MTD you should have received a...
