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.
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.
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.
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.
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.
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?
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.
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?
20 June 2020
We outline the VAT and indirect tax measures that organisations can take advantage of to save money during the coronavirus outbreak.
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.