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HMRC makes backdated VAT policy change to termination fees

17 October 2020

In the past, HMRC has accepted that contractually agreed payments due in the event of a breach of contract, and thus amounting to compensation, were typically outside the scope of VAT, because they are not consideration for any supply of goods or services.

Coronavirus VAT measures extended

06 October 2020

The Chancellor’s statement on Thursday 24 September, included a reduced rate for hospitality and leisure sectors and a deferred VAT payment date.

HMRC extends VAT relief for charities to some digital campaigns

18 September 2020

Following recent representations by the Charity Tax Group (CTG), HMRC has agreed to amend its policy on the VAT treatment of online charity advertising. Information on HMRC's new policy was published on 8 September and we suggest that affected advertisers and charities should consider their position carefully.

Northern Ireland: Government denies it is about to renege on its customs agreement with the EU

08 September 2020

Press reports suggest that the Government’s Internal Market Bill, due to be published tomorrow, may significantly diverge from the customs border arrangements it agreed with the EU in the Northern Ireland Protocol. If so, Northern Ireland businesses could be pushed into a position of even greater uncertainty as Brexit looms.

Hospitality and leisure: Temporary measures may not be as simple as they seem

13 August 2020

With new legislation and guidance from HMRC, those in the Hospitality and leisure sectors should now impose careful consideration to maximise VAT benefits without error.

Untangling trade beyond brexit

06 August 2020

Brexit is a disruptor. Whether its impacting today’s operations and decision making, or future trade or investment, Brexit is disrupting businesses today; but are you ready?

VAT and customs duty as Brexit concludes

18 July 2020

The UK government announced last month that it will not be seeking an extension to the current transition period, meaning that barring a significant change in the parties' current negotiating position, the UK will leave the EU’s single market and customs union on 31 December 2020.

HMRC hints at plans for an electronic border with the EU

08 July 2020

Details are emerging of a new electronic customs system to record imports of goods between the UK and the EU and between Northern Ireland and the rest of the UK after the end of the Brexit transition period. How will it work, and will it be ready on time?

VAT cash saving ideas for businesses during coronavirus

20 June 2020

We outline the VAT and indirect tax measures that organisations can take advantage of to save money during the coronavirus outbreak.

Clarity at last over post-Brexit imports of goods from the EU
Brad Ashton

18 June 2020

The Government has provided information on border controls and customs procedures that will be applied to goods imported into Great Britain from the EU with effect from 1 January 2021.

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