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.
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.
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.
20 June 2020
We outline the VAT and indirect tax measures that organisations can take advantage of to save money during the coronavirus outbreak.
04 June 2020
As the four countries of the UK start to ease their lockdown restrictions and some sort of return to normality is on the horizon, private sector student accommodation providers may struggle if the economic conditions don’t improve rapidly to allow students to return to universities.
18 May 2020
The upper tribunal case for Royal Opera House Covent Garden Foundation calls into question the approach to be taking by organisations that undertake non business and business activities.
18 May 2020
Coronavirus has resulted in many charities suffering a significant decline in revenues, and irrecoverable VAT costs increase significantly. We recommend that charities should build this reduction into their cash flow projections.
14 May 2020
The real estate sector is facing a number of new stresses in the current market. Unintended VAT costs to developers may be arising. Read more here for more information.