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How will the VAT changes to lease termination payments impact commercial property landlords?
Ian Carpenter

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?

VAT training for your employees

09 September 2020

We discuss the various benefits of VAT training to help businesses retain watertight control over VAT processes.

VAT and Stamp Duty Land Tax changes for landlords
Ian Carpenter

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.

VAT on unborn baby scans? Tax tribunal states its case

09 June 2020

Are you taxed before you even come into the world? This was a question presented at a recent court hearing - the First-tier Tax Tribunal has confirmed that private ultrasound scans offering complementary services to those provided on the NHS still qualify as a VAT exempt supply of healthcare. Medical clinics offering ‘non-essential’ services should check that their registrations and contracts are up to HMRC scrutiny.

VAT: HMRC postpones introduction of the domestic reverse charge for construction services
Ian Carpenter

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.

Managing the impact of coronavirus on VAT recovery for charities
Audrey Fearing

18 May 2020

Coronavirus has resulted in many charities suffering a significant decline in revenues, and irrecoverable VAT costs increase significantly. We recommend that charities should build this reduction into their cash flow projections.

Zero rate of VAT for charity sector digital publications
Audrey Fearing

01 May 2020

The Government has announced that the application of the zero rate of VAT to supplies of 'digital publications' will be brought forward to 1 May.

RSM agrees new VAT relief with HMRC to cover fire authorities and NHS fighting coronavirus

21 April 2020

In these exceptional times, our emergency services are working tirelessly to help in the fight against coronavirus. Following a request from RSM, HMRC has agreed to a new VAT relief for fire authorities collaborating with the NHS in coronavirus activities.

Brexit update: Indirect Tax Impact of Intra-Community trade
Ian Carpenter

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?

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.

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