VAT

Tax / Call for reduced charity VAT rate on purchases to cut £800m bill

There are calls for the government to introduce a new special charity VAT rate on purchases, after a study found charities miss out on almost £2bn a year on irrecoverable VAT

Tax / OECD tax revenues fall for the first time in a decade

Tax revenues fell across the OECD for the first time in ten years during 2019, with a much larger decrease expected in as Covid-19 drives down economic activity and consumption tax take

Tax / Move to make HMRC preferential creditor ‘ill timed’

Accountancy firms are warning that the reintroduction of HMRC’s status as a preferential creditor at the beginning of this month could have a significant impact on businesses’ ability to obtain finance, and risks compromising the economy’s recovery from the current pandemic

Tax / Q&A: post Brexit supplies of digital services (VAT MOSS)

In our regular Q&A series, Croner Taxwise, senior VAT consultant, Hilary Budd, explores how Brexit will affect digital service providers using VAT Mini One Stop Shop (VAT MOSS) to account for VAT on sales to EU consumers

Tax / VAT updates: December 2020

In this month’s round up of VAT cases, Graham Elliott considers genuine suppliers, MOSS submission failures, local authority sport centre supplies and charity building relief

Tax / HMRC urged to clarify festive fun tax reliefs

The Association of Taxation Technicians (ATT) is calling for urgent guidance from HMRC to avoid people enduring an unpleasant tax hangover because of their ‘virtual’ Christmas parties this year, as traditional face-to-face events are put on hold because of Covid

Tax / Compensation payments hit by retrospective VAT change

Following court rulings in the UK and Europe, payments made for the early termination of contracts are now liable to VAT, but HMRC is now looking back over past transactions, warns Irwin Mitchell’s Sarah Cardew

Tax / Making Tax Digital for corporation tax by 2026

Among the recent crop of tax policy announcements, HMRC is consulting on how the principles established for Making Tax Digital for quarterly online filing could be implemented for corporation tax

Tax / Q&A: changes to the rules for movement of goods

In our regular Q&A series, Croner Taxwise, VAT adviser, Tony Chamberlain, explains how the impending changes to the rules concerning movement of goods across the EU will affect UK businesses

Tax / Brexit and VAT pt2: tour operators, online sales and overseas marketplaces

In the second of a two-part series, Croner-i tax writer Sarah Kay looks at some of the less well publicised VAT consequences of the UK leaving the EU on 31 December 2020, including the tour operators margin scheme, online sales and overseas marketplaces

Tax / VAT error correction - CPD module – NEW

This month's exclusive Accountancy Daily CPD module explains in depth the two ways in which the under or overpayment of VAT should be corrected, as well as how to properly notify HMRC

Tax / VAT updates: November 2020

In this month’s round up of VAT cases, Graham Elliott considers VAT on imports after 1 January 2021, the end of the retail export scheme, undisclosed partnerships, roof insulation and Covid-19 payment holidays

Tax / HMRC changes VAT policy for private baby scans

HMRC has published a brief on changes to the VAT treatment of ultrasound scanning services for pregnant women following the decision of a First Tier Tribunal (FTT)

Tax / Brexit and VAT pt1: mini one stop shops, tourism and VAT refunds

In the first of a two-part series, Croner-i writer Sarah Kay reviews a number of the less well publicised Brexit consequences for UK businesses trading in the EU, including the impact of mini one stop shops, tax free shopping for tourists and EU VAT refunds

Tax / Property developer ‘plays a blinder’ on VAT claim

HMRC looks set to change its guidance after a property developer won a case at a First Tier tribunal (FTT) challenging the VAT rating for window blinds installed in new homes
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