New VAT Scheme for Second Hand Motor Vehicles Removed to Northern Ireland or Exported to the EU   A second hand motor scheme is being introduced by HMRC for motor vehicles bought in England, Scotland or Wales and removed...

  Processing of Option To Tax Forms Changes from 1st February   Following a short consultation, HMRC has decided to change the way they process Option to Tax (OTT) Forms with effect from 1 February 2023.   A letter confirming receipt of...

New Year: New Penalty Regime! Happy new year. I hope you managed to have some sort of break over the holiday period. This is a special edition of VATwatch, devoted entirely to the new VAT penalty system which applies to...