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Understanding the VAT recovery rules in relation to costs, supplies, and activities
Audrey Fearing

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.

Managing the impact of coronavirus on VAT recovery for charities
Audrey Fearing

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.

Protecting VAT cash flow on commercial developments

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.

EC proposes to delay e-commerce VAT changes due to coronavirus disruption
Philip Munn

12 May 2020

The European Commission has proposed delays to the changes originally planned for introduction in January 2021 designed to simplify the VAT system. Read more here.

Emergency export controls applied to personal protective equipment
Brad Ashton

01 May 2020

A European Commission regulation designed to ensure EU, EFTA and related territories have adequate supplies of personal protective equipment (PPE) has now been implemented in the UK.

Protecting VAT cash flow on residential developments
Jim Burberry

30 April 2020

In a challenging market, a change in use of a planned residential development of new housing may give rise to an unintended VAT cost to the developer.

Coronavirus tax deferrals will not be offset against R&D credits

21 April 2020

Following enquiries by RSM, HMRC has confirmed that R&D repayment claims will not be offset against tax liabilities under COVID-19 deferral schemes. However, payments of tax that are delayed under time-to-pay agreements with HMRC remain subject to offset.

HMRC confirms R&D repayment claims will not be offset against tax liabilities under deferral agreements
James Tetley

20 April 2020

RSM has contacted HMRC’s policy team to ask how R&D repayment claims will be treated in light of the government’s support schemes to help businesses cope with the coronavirus outbreak. Find out the answer here.

Deferment account easement for duty and import VAT

14 April 2020

Many businesses that bring goods into the UK from outside the EU operate deferment accounts, which allow payment of import VAT and duty to be delayed for 15 days after the month in which the goods are brought into the country.

Import VAT and duty freeze on medical supplies

02 April 2020

HMRC will not collect import VAT and duty for some organisations importing medical supplies that will be made available to those affected by the coronavirus outbreak.

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