VAT

Tax / Consultation on plans for 10 freeports

The government is consulting on plans to create up to 10 freeports across the UK, with tariff flexibility, customs facilitations and tax measures designed to encourage global trade and attract inward investment post-Brexit

Tax / VAT updates: February 2020

In this month’s VAT updates, Graham Elliott considers digital newspapers in News Corp v HMRC, ongoing DIY housebuilder time limits cases and new regulations relating to call off stocks

Tax / Tax updates: February 2020

In this month’s round up of all the tax news, kickboxing company loses VAT case, Dixons loses bouncing cheque claim, TheWorks faces £350k VAT bill, and homeowners face seismic CGT shift

Tax / Sports Direct part settles €674m Belgium VAT probe

Frasers Group, formerly known as Sports Direct International, says it has largely resolved a €674m (£571m) probe into its tax affairs after Belgian tax authorities cancelled most of the bill

Tax / Transact owner faces £4.3m VAT charge

IntegraFin Holdings plc (IHP), parent company of UK investment platform Transact, has been hit with an unexpected £4.3m VAT bill after HMRC challenged its inclusion of its Australian operations within its UK VAT group

Tax / Making Tax Digital increases costs for businesses

Making Tax Digital is not reducing errors and is proving to be much more expensive to implement than HMRC originally claimed, according to a joint user survey by CIOT and ATT

Tax / Time to pay tax arrangements go online

HMRC has modernised time to pay arrangements for taxpayers who are unable to pay their bills allowing them to renegotiate everything online rather than talking to HMRC

Tax / Eligibility criteria for VAT group registration

Angela Bedi, tax writer at Croner-i examines VAT group eligibility for UK companies, related HMRC powers and the current position after recent decisions at the European Court of Justice (ECJ)

Tax / Over three million still to submit tax returns

More than three million taxpayers are yet to send in their 2018-19 tax returns and have just one week left to the 31 January deadline, HMRC warns

Tax / VAT pitfalls – prevention better than cure

Falling foul of the VAT rules can be an expensive mistake, resulting in an unwanted HMRC penalty or inspection visit. Robert Marchant, VAT partner at Crowe, runs through some fundamentals on compliance from property transactions to import VAT reclaims and intra-group arrangements

Tax / Tips for taxpayers: Making Tax Digital for VAT

Nine months since the launch of Making Tax Digital (MTD) for VAT, late adopters have only filed once under the new system, some not even using accounting software due to the soft landing penalties regime. Philip McNeill and Dr Sarah McNeill explain the key compliance issues

Tax / Kickboxing company loses VAT dispute

Kickboxing company Premier Family Martial Arts LLP has lost a VAT dispute with HMRC, as they tried to appeal that kickboxing should be exempt from VAT because it is a form of tuition, covering a subject that is part of school education

Tax / Steakhouse boss gets the chop over tax

The boss of a Hampshire steakhouse has been banned from running companies for six years after submitting inaccurate information to the tax authorities for several years, following an Insolvency Service investigation

Tax / VAT in 2020 – post-Brexit implications

With Brexit on the verge of being finalised, at least at stage one, Alison Horner, indirect tax partner at MHA MacIntyre Hudson, looks at the impact on VAT and cross-border transactions post 31 January

Tax / Getting tax out of taxi apps?

The rise of the digital economy is changing the traditional VAT collection landscape with HMRC struggling to extricate tax as providers argue they are providing app services to third parties and many are based offshore. Sean Glancy, indirect taxes partner at UHY Hacker Young, examines the VAT issues
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