In this month’s VAT updates, Graham Elliott considers costs of staging productions and taxable supplies of catering in the Royal Opera House case, historical VAT claim at NHS Lothian and refurbishing an empty dwelling

The government’s £500m Future Fund is open for applications, a month after the scheme to invest in innovative start-ups to help them through the coronavirus outbreak was first outlined in response to claims that such companies are unable to access other government business support programmes because they are either pre-revenue or pre-profit

Simon Dingemans, chair of the Financial Reporting Council (FRC), is leaving after only eight months at the regulator, which is in the midst of major reforms to strengthen its structure and powers ahead of a planned overhaul of the structure of the audit market