Spring 2009 Newsletter


Content

Oh for a little hindsight

Can't pay, won't pay?

Shock in Essex

Car tax

You signed it

Don't be late

Age before beauty?

IHT and falling prices

More paper

Shopping around

Less paper

PAYE or not PAYE...

Flat rate scheme

A change of heart

There are limits

Do your duty

Free lunch

VAT a mess

Dissatisfaction guaranteed

Don't believe it!

Too late

Tax on tick

£100 note

Temp reminder

More paper


HMRC have issued a warning - almost an apology - about a new VAT reporting rule that is expected to come in on 1 January 2010. For years anyone selling goods to business customers in other member states has had to file a Sales List - a report of all despatches, complete with the foreign VAT registration numbers of the customers. Now this is being extended to supplies of services to business customers abroad. It's all part of the EU's crackdown on carousel fraud, which is still losing us all a great deal of money into the pockets of criminals.

If you supply services to foreign customers, and treat those services as non-VATable, you will need to watch out for this new requirement. We will be happy to advise you.