VAT reverse charge construction industry
A change to the VAT rules first announced at Budget 2018 will come into effect from 1 October 2019. This change will make...
07 Nov
Value Added Tax
Category Archives: Value Added Tax
31 Oct
Value Added Tax
Autumn Budget 2018 – VAT registration and deregistration thresholds
The Chancellor confirmed in his Budget speech that the taxable turnover threshold that determines whether businesses should be registered for VAT, will be...
18 Oct
Value Added Tax
MTD for VAT pilot extended
The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1 million businesses with a turnover above...
11 Oct
Value Added Tax
VAT – option to tax
There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as...
26 Sep
Value Added Tax
Alert for VAT registered traders
The deadline for businesses with a turnover above the VAT threshold to keep digital records and provide regular digital updates to HMRC for...
05 Sep
Value Added Tax
Take care when making VAT reclaims
The Court of Appeal recently heard a taxpayer's appeal against a decision of the Upper Tribunal to recover an amount of overpaid VAT....
14 Aug
Value Added Tax
VAT on transfer of business as a going concern
The transfer of a business as a going concern (TOGC) rules consider the VAT liability on the sale of a business. Normally, the...
25 Jul
Value Added Tax
VAT – motor dealer deposit contributions
A new Revenue and Customs Brief 7/18 has been published by HMRC concerning their policy on the VAT accounting treatment of promotions, where...
25 Jul
Value Added Tax
Updated list of software suppliers that support MTD for VAT
The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT purposes when Making Tax Digital (MTD)...
18 Jul
Value Added Tax
VAT and gift vouchers
New draft legislation has been published as part of the draft Finance Bill 2018-19 that aims to change the VAT treatment of vouchers....