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With the changes to the reverse charge on VAT returns due to the UK leaving the EU from 1 January 2021, I thought I would share a reminder of the default tax codes within Sage from v27.1 onwards: T0 – Zero rated transactions T1 – Standard rated transactions – Currently 20% T2 – Exempt…
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A number of our clients are experiencing long delays in receiving tax refunds from HMRC. HMRC attribute these to the need for them to perform security checks in order to combat fraudulent claims. In some cases, HMRC need more information in order to verify genuine claims. They may issue a verification letter, either…
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