Through the rise of social media, influencers and companies such as Airbnb and booking.com consumers have paid less notice to hotel star ratings when booking getaways. Is this the end of the star rating system synonymous with the hotel industry?
With the UK’s withdrawal from the EU just around the corner and a no-deal Brexit very much still a possibility, HMRC has published guidance on some of the practical challenges that could face UK businesses including reclaiming VAT from EU member states; VAT registration issues for consumer businesses selling digital services to the EU; and how to verify UK VAT registration details. Affected businesses must act now.
Whilst parliamentarians continue to debate the UK’s future relationship with the EU the Treasury has quietly been amending VAT legislation in preparation for the UK leaving the EU.
RSM’s manufacturing team in London hosted our first Food and Drink Manufacturers' Forum, attended by owners, CEO’s and senior finance professionals from 30 companies in the sector
A recent tribunal case has pointed out that, despite the uniformity of VAT law across the UK, the VAT treatment of day-care providers in England and Wales is different from that in Scotland and Northern Ireland.
HMRC is embarking on a project to identify Welsh taxpayers in advance of April 2019 when the Welsh Assembly will be able to vary the rate of income tax for the first time. But will lessons be learned from the experience in Scotland where problems are still arising three years on from the introduction of devolved income tax?
On 31 January the further education insolvency regime will come into force, meaning that for the first time it will be possible for colleges to fail and be placed into an insolvency process.
While at one time it may have been socially acceptable to be seen to be diddling the taxman, paying high rates of tax is now seen as a badge of honour with the top taxpayers being feted for their contributions to the Exchequer.
RSM’s Tax partner, Sheena McGuinness discuses the Financial Times article on ‘infrastructure investors ‘blanket ban’ on further investment in UK infrastructure assets’. The story cites the unlikeliness to make further investments in the UK in the current regulatory climate, which seems to be giving rise to the reluctance of investment boards to commit more funds to these sectors than the political uncertainty.