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Domestic reverse charge for the construction industry: 12-month delay

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.

Will changes to the reverse charge be reversed for the construction sector?
Ian Carpenter

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.

VAT changes to supplies of construction services

20 July 2019

With less than three months until implementation, we explain the changes to the VAT treatment of some services provided within the construction industry supply chain. HMRC’s publicising of this change within the industry has been patchy, are those affected ready to implement?

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.

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