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.
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.
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.
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.
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.
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.