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Court ruling on VAT decision affects retailers’ interest free offerings
Philip Munn

06 November 2018

Dixons Carphone Plc (DSG) case regarding the sales of goods on interest free terms is brought to First-tier Tribunal. Tribunal rules against DSG but further litigation likely. Decision impacts retail industry and how similar businesses manage interest free credit terms.

VAT overview

29 October 2018

No doubt Philip Hammond will hope that the only press coverage around VAT focuses on the range of donations to good causes. Many small businesses will note that by freezing the VAT registration threshold until April 2022, the Chancellor has in fact increased expected exchequer revenue in 2021 and 2022, as inflation will bring more organisations into the VAT system. However, it is his measures to stop unfair outcomes that has led to the greatest tax windfall for the Exchequer, with well over £1bn expected to be generated over the next five years across five measures.

European Commission announces action on VAT evasion in the yachting sector
Philip Munn

12 March 2018

The European Commission has announced it is acting to end what it regards as VAT evasion in the maritime sector. The action follows revelations contained in the Paradise Papers of widespread VAT evasion in the purchase of ‘private boats’. The EU believes this evasion is facilitated by national rules which do not comply with EU VAT law.

Financial blow for independent schools in today's Scottish Budget
Jim Burberry

14 December 2017

Jim Burberry, partner at RSM in Scotland responds to today’s Scottish Budget announcement.

Space taxation: the next generation of tax legislation?

06 October 2017

The government has yet again shown its support for the UK space industry at the start of World Space Week, announcing a £50m cash injection for the Science Programme at the Defence Science and Technology laboratory (Dstl) to support ongoing innovation projects.

EU VAT reforms could add further complexity to UK Brexit negotiations warns RSM
Jim Burberry

05 October 2017

The European Commission’s plans to reform EU VAT rules, announced on Wednesday, will add further complexity to the UK’s future relationship with the EU post-Brexit warns RSM.

Enjoy national colouring book day VAT free
Jim Burberry

02 August 2017

If it rains this Wednesday (2 August) why not celebrate national colouring book day by staying indoors, breaking out the felt tips and enjoy family time together colouring in, as it could be a very tax efficient activity.

RSM further strengthens VAT and indirect tax team in Scotland
Jim Burberry

13 April 2017

Audit, tax and consulting firm RSM has appointed VAT and indirect tax specialist Ian Brown as a manager in Glasgow.

The VAT man joins the dots but not in time for Christmas
Jim Burberry

15 December 2016

The recent growth in adult colouring-in and ‘dot-to-dot’ books has potentially led to another VAT anomaly akin to the famous debate as to the VAT liability of Jaffa Cakes depending on whether it’s classed as a cake or a biscuit.

Scottish business leaders reveal concerns over second Scottish referendum
Jim Burberry

13 October 2016

A survey carried out by RSM amongst Scottish business leaders has revealed that the majority (81 per cent) believe that a second independence referendum (Indyref2) would have a negative impact on business in Scotland.

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