30 July 2020
As a result of the coornavirus pandemic, many tenants are suffering a loss of income and want to vary the terms of their lease with their landlord. Read here for details of HMRC’s announced tax changes as a measure to preserve income for landlords.
19 October 2019
The construction sector is breathing a sigh of relief as HMRC announces a 12-month delay to the introduction of the domestic reverse charge for construction services. Businesses should make the most of the additional 12 months to prepare early for the changes.
29 August 2019
HMRC has been publicising, with varying degrees of success, its launch of a new VAT anti evasion measure targeted at the Construction sector. The measure known as the VAT Domestic Reverse Charge is targeted at specific supplies within the construction sector. It will be introduced on 1 October 2019.
20 July 2019
With less than three months until implementation, we explain the changes to the VAT treatment of some services provided within the construction industry supply chain. HMRC’s publicising of this change within the industry has been patchy, are those affected ready to implement?
10 October 2017
Since the introduction of VAT cost sharing groups came into UK law in 2012, some real estate businesses use the facility to mitigate VAT costs. However, the CJEU has ruled that a cost sharing group may only apply to organisations who carry out activities which are in the public interest.
22 June 2016
Keeping kids amused and occupied in the school holidays can be stressful for parents, particularly in the summer break. This has led many parents to turn to holiday camps, but they’re not cheap, particularly when you add on the VAT.
04 May 2016
HMRC has finally clarified its policy concerning the VAT zero-rated sale of non-residential buildings that have been converted into dwellings. Good news for builders and a victory for common sense, but could this lead to resolution of other contentious VAT issues in the construction industry? We live in hope…
24 March 2016
RSM is warning property developers and construction businesses to be extra vigilant with architectural plans and planning applications when carrying out construction and conversion work, otherwise they could face a hefty VAT bill.
19 November 2015
Do you have confidence in your customs duty position?
Recent experiences have highlighted the significant impact on margins that any mistakes in applying customs duty rules can have on businesses – from incorrect valuations on products leading to a deficit of duty being paid, to reliefs for rejected or returned goods not being appropriately claimed.
17 November 2015
Despite the pledge by government that there will be no rise in VAT, that doesn’t stop the Chancellor tinkering around the edges.