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Practical issues being faced by consumer businesses following the changes to the voucher rules for VAT introduced on 1 January 2019
Jane Bennion

30 May 2019

New rules came into effect on 1 January 2019 to simplify the VAT treatment of face value vouchers. The new rules are intended to harmonise the VAT treatment of vouchers across the EU.

Future tax clash, that’s a certainty post-Brexit
Ian Carpenter

01 February 2019

Ongoing Brexit negotiations continue to generate uncertainty, but what is clear is that UK businesses are heading towards a tax clash when Making Tax Digital (MTD) and Brexit VAT changes collide.

How will new HMRC delegated authority claims handling guidance affect lawyers?
Ian Carpenter

21 January 2019

HMRC have issued new guidance on delegated authority claims handling by lawyers. Ian Carpenter (RSM’s head of indirect tax) discusses the new guidance and what it means for law firms and the potential VAT costs.

Making Tax Digital (MTD) Readiness Review
John Forth

The MTD Readiness Review provides a clear route to MTD compliance. The Review assesses your organisation’s current VAT processes and identifies the steps required to be taken to become MTD ready.

Making Tax Digital (MTD) - VAT

25 June 2018

From April 2019 VAT registered businesses in the UK will need to be MTD compliant for VAT, but do you know the facts from the myths?

The debate on hire purchase VAT recovery takes an unexpected turn in Europe
Ian Carpenter

16 May 2018

The Volkswagen Financial Services (VWFS) case has been rumbling on since 2011. It considers the issue of how a business supplying vehicles on hire purchase (HP) should recover VAT on overhead costs, given that HP transactions result in a standard rated supply (of the vehicle) and an exempt supply of finance.

Making Tax Digital – Exploring the myths
John Forth

27 March 2018

The making tax digital (MTD) reforms represent a fundamental and unprecedented change to the UK tax system which will ultimately impact all UK taxpayers. VAT is now at the forefront of the plans which HMRC has for MTD although the MTD changes are expected, in time, to apply to all the main taxes.

VAT on disbursements ramifications of the Brabners LLP (Brabners) case
Ian Carpenter

09 February 2018

In our previous VAT briefing we suggested adopting a ‘wait and see’ approach pending the issue of guidance from HMRC on their view of how the decision affects law firms generally. However, as it is becoming increasingly unlikely that HMRC will issue any such guidance and as to our knowledge, Brabners has not submitted an appeal to the tribunal, we believe the position should now be reappraised.

Is there a solution to the post-Brexit import VAT conundrum?

12 January 2018

The second reading of the Taxation (Cross-Border Trade) Bill has brought into sharp focus the fact that, post-Brexit, the UK will lose access to some of the beneficial VAT rules available to EU members for the intra-community supply of goods. So could the future solution lie in adopting the special regime operated by the Netherlands?

It takes two to tackle online VAT fraud

30 November 2017

Clamping down on online VAT fraud is clearly a key priority of the government following new enforcement measures announced in the Budget. However, can online marketplaces comply without significant input from HMRC?

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