Accounting for import VAT on your VAT return – Postponed VAT Accounting

Question 1: I’ve heard about PVA, but I’m not sure if it’s for me. Why should I use it, and where can I find out more about it? Answer: PVA allows UK VAT registered importers to account for and recover import VAT on their VAT return. PVA is available permanently and we expect that most… Continue reading Accounting for import VAT on your VAT return – Postponed VAT Accounting

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Restart Grants Now Available for Eligible Businesses

Restart Grants were announced by Chancellor Rishi Sunak in his budget last month – a one off cash grant of up to £18,000 for hospitality, accommodation, leisure, personal care and gym businesses in England. The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. Eligible… Continue reading Restart Grants Now Available for Eligible Businesses