19 November 2015
Do you have confidence in your customs duty position?
Recent experiences have highlighted the significant impact on margins that any mistakes in applying customs duty rules can have on businesses – from incorrect valuations on products leading to a deficit of duty being paid, to reliefs for rejected or returned goods not being appropriately claimed.
17 November 2015
Despite the pledge by government that there will be no rise in VAT, that doesn’t stop the Chancellor tinkering around the edges.
28 October 2015
Suppliers of e-services in the EU have had a real headache with VAT this year, and now it seems that businesses selling and delivering goods to consumers in the EU are coming under the spotlight. New guidance from the EU VAT Committee means these businesses could soon have to register and account for VAT in the member state of their customers. Not only that, but there’s also the potential of double taxation too. Time to reach for the paracetamol?
07 October 2015
An investment in a new enterprise resource planning (ERP) system is a major decision. Unfortunately tax is all too often a neglected consideration…
01 October 2015
For architects’ clients, commissioning a property development or redevelopment is a significant step and a major financial investment. In budgeting for a project, tax is a potential cash or cash-flow cost element and in our experience clients will welcome solutions to mitigate or eliminate this cost.
23 September 2015
The Liberal Democrats this week voted in favour of reducing VAT on tourist accommodation and attractions in stark contrast to the position taken by the Conservative/LibDem coalition government. The motion in favour of a reduction from 20 per cent to 5 per cent argued that similar initiatives in other EU countries had increased jobs and stimulated economic activity. So if the case is so compelling, why hasn’t the UK followed suit?
26 August 2015
The issue of how much VAT incurred in connection with corporate mergers, acquisitions or restructuring can be recovered has been one of VAT’s longest running disputes between businesses and HMRC.
18 August 2015
From 5 October, England will, like Scotland, Wales and Northern Ireland, charge 5p for the use of plastic carrier bags. Although exempt from VAT in Northern Ireland, carrier bags sold in England, Scotland and Wales generate 0.83 pence in VAT to HMRC.
05 August 2015
The government is considering the implications of the EU Court’s decision that the UK failed to comply with European VAT rules in universally applying VAT