VAT

Tax / ATT signals businesses to reinstate deferred VAT payments

The Association of Taxation Technicians (ATT) is reminding businesses which have cancelled their direct debit in order to defer VAT payments, to set up a new one soon to prevent penalties

Tax / Q&A: construction reverse charge

In our regular Q&A series from Croner Taxwise, VAT adviser, Magdalena Tchorz explains how new rules for the domestic reverse charge will affect construction businesses

Tax / HMRC loses VAT challenge on baby scans

HMRC has lost a tax tribunal appeal over the VAT treatment of supplies of certain ultrasound scanning services to pregnant women, which private clinics claimed should be exempt as supplies of medical care, but which HMRC argued were standard rated

Tax / Accounting for VAT extension for construction businesses

The Chartered Institute of Taxation (CIOT) welcomes that construction businesses will get an extra five months to prepare for a major change in accounting for VAT, because of the impact of Covid-19

Tax / Q&A: temporary OTT notification extension period

In our regular Q&A series from Croner Taxwise, VAT advice consultant, Sally Atkins explains the background of HMRC’s extension to the notification period for notifying an Option to Tax (OTT)

Tax / Trump threats on digital tax reveals policy free-for-all

With US technology giants in the sights of any digital services tax, investigation could see a new tariff war launched against many countries including the UK, writes Avalara’s Richard Asquith

Tax / Covid-19: delay to VAT reverse charge on construction services

HMRC has announced a five-month delay to the introduction of the domestic reverse charge for construction services, due to the impact of the coronavirus pandemic on the construction sector, and the VAT change will not now apply until 1 March 2021

Tax / William Hill signals £150m betting windfall

Gambling group William Hill has stated it expects to recover up to £150m in tax after HMRC lost a legal challenge, with a tribunal finding VAT was wrongly applied to revenues from fixed odds betting terminals (FOBTs) in betting shops

Tax / Delay to EU’s e-commerce directive raises questions for UK business

Plans to push back directive and VAT one stop shop by six months raise concerns if Brexit transition period ends on 31 December, but create opportunity to plan ahead, argues Andy Spencer, professional services director at Accordance

Tax / VAT updates: May 2020

In this month’s VAT updates, Graham Elliott considers costs of staging productions and taxable supplies of catering in the Royal Opera House case, historical VAT claim at NHS Lothian and refurbishing an empty dwelling

Tax / Q&A: restaurants providing delivered takeaway

In our regular Q&A series from Croner Taxwise, VAT adviser, Priyesh Mistry explains the VAT implications of restaurants providing a delivery service, whether they need to account for standard rate VAT and the liability of the delivery fee

Tax / Covid-19: rules on home office expenditure relaxed

The government has bowed to pressure to address the additional costs of working from home during the coronavirus crisis, and has announced a temporary tax exemption and National Insurance disregard to ensure that home office equipment purchase by employees will not attract tax and NICs liabilities where reimbursed by the employer

Tax / Covid-19: 64% of SMEs unable to pay deferred tax

Two thirds of SMEs may not be able to pay their deferred tax liabilities in six months’ time, while many are still waiting to access government grants and loans, a poll by ACCA has found

Tax / VAT updates: April 2020

In this edition of VAT updates, Graham Elliott considers HMRC’s VAT easements, a suppression of sales case and the challenging concept of fiscal neutrality

Tax / Food and drink industry face Brexit VAT bill

Now that the UK is in the transition period after leaving the EU, Accordance’s VAT consultant Russell Hughes unpicks the menu of obstacles facing the food and drink sector trading across borders, keeping friction down and wastage low
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