VAT on discounts

The rules regarding VAT on discounts (Early Settlement Discount) is changing from 1 April 2015.

HM Revenue & Customs (HMRC) have estimated this could affect up to 250,000 businesses that currently offer early settlement discounts to their customers. These businesses will need to review their systems and look to revise their paperwork accordingly.

Read more

Categories VAT
ICAEW Chartered Accoutnants Logo
The Chartered Institue of Taxation LogoThe Chartered Institute of Taxation
The Association of Taxation Technicians LogoThe Association of Taxation Technicians
Seavorchartered Xero Certified Advisors and Gold Partners