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...
VAT reverse charge construction industry20181107040000

VAT reverse charge construction industry

November 7, 2018
A change to the VAT rules first announced at Budget 2018 will come into effect from 1 October 2019. This change will make the supply of construction s...
Autumn Budget 2018 – VAT registration and deregistration thresholds20181031040000

Autumn Budget 2018 – VAT registration and deregistration thresholds

October 31, 2018
The Chancellor confirmed in his Budget speech that the taxable turnover threshold that determines whether businesses should be registered for VAT, wil...
VAT on transfer of business as a going concern20180814040000

VAT on transfer of business as a going concern

August 14, 2018
The transfer of a business as a going concern (TOGC) rules consider the VAT liability on the sale of a business. Normally, the sale of the assets of a...
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