Browse all articles in the VAT category
August 29, 2025
In a significant fiscal shift, the UK government has introduced Value Added Tax (VAT) at the standard rate of 20% on private school fees. This applies from 1 January 2025. To ensure fairness, fees paid from 29 July 2024 for terms beginning in January 2025 or later are also subject to VAT. This reform was… <a class="view-article" href="https://www.coreadviz.co.uk/blog/vat-on-private-school-fees-what-schools-parents-need-to-know-now/">View Article</a>
Read MoreJuly 16, 2025
Starting 1 April 2025, HMRC introduced penalties for late VAT payments under Schedule 26 of the Finance Act 2021. This is a significant change that has been incorporated by HMRC so far for VAT payments. The main objective of such changes is to tighten compliance, reduce the tax gap, and encourage on-time payments. What Exactly… <a class="view-article" href="https://www.coreadviz.co.uk/blog/what-the-new-vat-penalty-rules-mean-for-uk-businesses-in-2025/">View Article</a>
Read MoreDecember 03, 2024
Navigating the complexities of Value Added Tax (VAT) in the UK can be a daunting task for businesses. Therefore understanding and managing VAT is essential for every business owner. Not only the large organization but a small business owner should also understand the VAT and know the different VAT rates applicable to their business. A… <a class="view-article" href="https://www.coreadviz.co.uk/blog/navigating-uk-vat-common-mistakes-and-how-to-avoid-them/">View Article</a>
Read MoreJune 11, 2023
Introduced on 1 April 1973, Value Added Tax (VAT) is a consumption tax levied on the sales of goods. At that time, it meant to replace the purchase tax. You may already know that it is mandatory for businesses that are registered for VAT to submit their VAT returns, and failing to do the same… <a class="view-article" href="https://www.coreadviz.co.uk/blog/know-about-all-the-changes-to-vat-penalties-and-interest/">View Article</a>
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