21 May 2021
The recent Balhousie VAT case highlights the unfair VAT self-supply charge for VAT sensitive businesses as a result of changing the use or disposing of charity or relevant residential buildings.
09 February 2021
Now the UK has left the EU’s VAT system, will the government use its new autonomy to allow more property owners and leaseholders to benefit from VAT relief when replacing cladding found to be dangerous after the Grenfell Tower fire?
20 November 2020
The Domestic Reverse Charge for VAT will have a big impact on the Construction sector. Read on to see what you need to know and how to prepare for these changes.
27 October 2020
Lease termination payments over the last four years are now subject to VAT, leaving landlords potentially exposed to a large VAT bill. What is the impact for landlords?
30 July 2020
As a result of the coornavirus pandemic, many tenants are suffering a loss of income and want to vary the terms of their lease with their landlord. Read here for details of HMRC’s announced tax changes as a measure to preserve income for landlords.
09 June 2020
HMRC has announced that the introduction of the VAT reverse charge for domestic supplies of construction services will be delayed from 1 October 2020 until 1 March 2021.
17 January 2020
The UK is scheduled to leave the EU on 31 January 2020, but what does that mean for businesses that trade with the UK and EU from 1 February onwards?
19 October 2019
The construction sector is breathing a sigh of relief as HMRC announces a 12-month delay to the introduction of the domestic reverse charge for construction services. Businesses should make the most of the additional 12 months to prepare early for the changes.
29 August 2019
HMRC has been publicising, with varying degrees of success, its launch of a new VAT anti evasion measure targeted at the Construction sector. The measure known as the VAT Domestic Reverse Charge is targeted at specific supplies within the construction sector. It will be introduced on 1 October 2019.