VAT’s life…
Value Added Tax should be a simple tax to administer, but it’s not, so the government has decided it’s time to review VAT’s scope and application.
VAT
Flat Rate VAT changes explained
The Autumn Statement 2016 contained some significant changes to the Flat Rate VAT Scheme that is commonly used by small businesses which spend very little on raw materials – such as firms providing services.
VAT Tribunal implications for construction and property developers
Do you operate in the construction or property development sector or have clients that do? If your answer is yes you’ll be interested in the outcome of a recent VAT Tribunal case.
Airports bow to customer VAT pressure
To address concerns over how airport retailers are applying VAT to customer purchases the Airport Operators Association (AOA) and the UK Travel Retail Forum (UKTRF) have launched a Code of Practice to ensure greater transparency on how customers benefit from the VAT relief concession provided.
VAT and wedding venues
A Tax Tribunal VAT-related decision this summer has wide-reaching implications for other wedding venues.
VAT scam fizzles out
HMRC has been successful in pursuing a prosecution through the Crown Court against a company director who faked invoices relating to his VAT return.
From me to EU to me to UK
Post Brexit we think it’s likely the Mini One Stop Shop mechanism (MOSS) will be extended to all companies selling to European based customers.
Tax fraud ends in jail
Business people need to keep within the provisions of the law when it comes to VAT and tax more generally otherwise they can end up in jail or with a hefty fine. HMRC has been successful with its latest prosecution.
HMRC’s Mexican VAT stand-off
The old argument over VAT and hot food has recently reared it’s head again and this time there’s not a pasty in sight. The Mexican restaurant chain Chilango has been in in dispute with HMRC over whether burritos are hot or cold snacks. Unfortunately for the restaurant it’s lost its argument with HMRC to the tune of £1 […]
Don’t be late with your VAT payments
A recent Tax Tribunal ruled that a six figure fine imposed for missing a VAT payment by one day was “proportionate” when a business was late in paying monies owed to HMRC.
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