I have what I certainly hope is a unique situation as no one anywhere should endure this. I would appreciate any pointers as to what a logical next step would be. I am an overseas seller into the UK. Inanticipationof the commencement of trading, we registered for VAT in June. After no...
The payment has been matched in banking. QuickBooks Online 3 REPLIES GeorgiaC QuickBooks Team July 27, 202211:03 AM Hi louisepenberthyj, thanks for reaching out to us here on the Community. Was the whole payment relating to that specific return and the previous retu...
The following illustration shows a simplified representation of the processing for VAT payment information retrieval that is implemented in Electronic messages in the scope of theUK MTD VAT returnsprocessing. Retrieve information about VAT liabilities Follow these steps to retrieve information about...
You’ll be charged late-payment interest on overdue payments for VAT accounting periods starting on or after 1 January 2023 (the VAT default surcharge will still apply to previous accounting periods). Need to know! Late payment interest is charged from the first day that the payment is overdue...
If you have funds in your Selling on Amazon payment account, they will be available after any amounts for A-to-z claims or chargebacks on your orders have been deducted. This usually takes about 90 days, but funds may be held longer by Amazon Payments Europe S.C.A. ...
Before you start to prepare and submit a VAT return to HMRC, complete the regularSettle and post sales taxjob for the period that you will report to HMRC. When this job is run, new sales tax payment transactions are created. To view these sales tax payments, go toTax>Inquiries...
Late payment interest for VAT will also apply, at a rate of 2.5%. Notably, if a production company agrees a Time to Pay arrangement with HMRC, this will be treated in the same way as a payment. As such, it’s worth reaching out to HMRC as early as possible if you envision any pay...
These powers are already being used and as at March 2015 HMRC had issued 7,712 notices for payment with a value of PS1.6 billion. HMRC and enhanced powers on tax avoidance and evasion If a practitioner intends to make a disclosure under this campaign, HMRC has to be notified by December ...
HMRC is inviting suppliers, including fintech companies, “to contribute to building our knowledge regarding the possibility of using real-time transaction data in banking products for streamlined tax determination, automatic calculation and payment to HMRC, simplifying this process for taxpayers”. The ...
If your company is experiencing VAT and PAYE arrears or unpaid tax, our range of services can assist you with: Time to Pay schemes HMRC Payment Demands Threat of bailiffs Winding up Petitions Unfair Penalties Moorfields’ Business Support Team specializes in providing confidential assistance and supp...