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.
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?
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.
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.
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.
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?
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?
10 October 2017
Since the introduction of VAT cost sharing groups came into UK law in 2012, some real estate businesses use the facility to mitigate VAT costs. However, the CJEU has ruled that a cost sharing group may only apply to organisations who carry out activities which are in the public interest.