Your accounting systems must have digital links in place for VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses).
This should be for the transfer or exchange of data between software programs, products or applications used as functional compatible software.
Applications should be submitted as soon as possible and before the end of the current 12 month “soft landing” extension.
HMRC is likely to grant a direction in only a small number of places. This will mainly be for businesses with complex or legacy IT systems. These require a longer period to put digital links in place.
HMRC will consider specific direction applications outside of the soft landing period where more time is needed to comply with the digital links requirement. For example if your company purchases another business.
Often, Pension funds are entitled to reclaim 100% of their withholding tax on foreign investment income. However, not all pension …
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