21 December 2016
'VAT will be a simple tax on the supply of goods and services', but in the nigh on forty-five years since Anthony Barber, Chancellor of the Exchequer made that statement, the application of VAT has turned out to be anything but simple. Indeed for many, the only ‘simple’ thing about VAT is how to spell it, but the Office of Tax Simplification could change this.
02 December 2016
New European Commission proposals which could bring an end to the unequal VAT treatment between e-publications and their printed equivalents may not benefit UK consumers warns RSM.
23 November 2016
A change to the scheme, with the stated intention of counteringtax-avoidance motive, may significantly reduce its benefit to many completely innocent users.
15 November 2016
Tax transparency remains a key area of focus for HMRC, but could forthcoming regulatory changes cause a spike in tax avoidance transactions being reported?
01 November 2016
If we thought the direct tax/NIC issues in Uber are complex, the VAT consequences for Uber, its drivers, and its customers - and indeed similar business models - take ‘complex’ to a whole new level. If acting as principal, Uber faces a VAT bill; if acting as agent, the VAT liability rests with the drivers.
20 October 2016
VAT is often considered a remote risk for businesses. However, a recent tribunal case highlights the real reputational and financial risk that inaccurate accounting processes can cause. With increasing scrutiny on corporate taxes in the UK and globally - could we see more businesses slipping up?
30 September 2016
VAT revenue collected by HMRC has been rising year-on-year, from £70bn in 2009-10 to £115bn in 2015-16. Businesses should not underestimate the risks that this poses.
19 September 2016
06 September 2016
UK charities seeking VAT relief on the construction of new buildings have been dealt a blow by a tax court. The Court of Appeal has determined that, it is not a charity’s objectives which will determine if it is afforded VAT reliefs, but whether fees paid by users fall within the scope of VAT.
06 September 2016
HMRC announced a year extension to the transitional period under which employers are entitled to deduct VAT paid on services relating to the administration of pension schemes.