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.
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.
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.
14 December 2017
Jim Burberry, partner at RSM in Scotland responds to today’s Scottish Budget announcement.
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.
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.
13 April 2017
Audit, tax and consulting firm RSM has appointed VAT and indirect tax specialist Ian Brown as a manager in Glasgow.
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.
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.