Charities – reducing input VAT20190129040000

Charities – reducing input VAT

January 29, 2019
Charities pay VAT on all standard-rated goods and services they buy from VAT-registered businesses. They pay VAT at a reduced rate (5%) or the ‘zero...
Changes to a building after the VAT option to tax20190109040000

Changes to a building after the VAT option to tax

January 9, 2019
There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the ...
VAT notes – new edition published20181219040000

VAT notes – new edition published

December 19, 2018
HMRC has published what appears to be the final online quarterly edition of VAT notes which includes a summary of recent changes to the VAT rules. HRM...
VAT on property service charges20181212040000

VAT on property service charges

December 12, 2018
A new Revenue and Customs Brief (6-2018) entitled VAT exemption for all domestic service charges has recently been published by HMRC. The brief explai...
Are you ready for VAT filing changes April 2019?20181212040000

Are you ready for VAT filing changes April 2019?

December 12, 2018
The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1 million businesses with a turnover above the VAT th...
Qualifying for VAT special schemes20181212040000

Qualifying for VAT special schemes

December 12, 2018
There are three main special VAT schemes available to small businesses. These are the flat rate scheme, the annual accounting scheme, and the cash acc...
UK VAT claims by non-EU businesses20181205040000

UK VAT claims by non-EU businesses

December 5, 2018
The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business use. The amo...
VAT – FRS limited cost trader20181128040000

VAT – FRS limited cost trader

November 28, 2018
The VAT Flat Rate Scheme (FRS) has been designed to simplify a way a business accounts for VAT, and in so doing reduce the administration costs of com...
HMRC writing to businesses about MTD for VAT20181122040000

HMRC writing to businesses about MTD for VAT

November 22, 2018
HMRC has begun a letter writing campaign to remind businesses that the way they keep VAT records and submit their VAT returns is changing. The letters...
VAT relief on building a new home20181122040000

VAT relief on building a new home

November 22, 2018
The VAT DIY Housebuilders scheme is a special scheme, enabling homeowners building a home to benefit from the special VAT rules that allow the qualify...
Previous
12
Next