HMRC has raised an additional £3.3bn in the last year through inquiries into the under-payment of VAT by SMEs, according to analysis by tax investigation insurance expert PfP
In this month's VAT updates, Graham Elliott, director at City & Cambridge Consultancy, considers the cost sharing exemption in light of the Kokott interpretation, VAT on new house builders blocked in Taylor Wimpey and disappointing ruling on cultural services in BFI case
VAT will be a key concern for businesses post Brexit with cross-border compliance top of the agenda. Bishop Fleming's VAT director, Wendy Andrews, highlights potential issues for businesses and consumers following the government's triggering of Article 50
HMRC has published a brief setting out its policy on the scope for claims for VAT bad debt relief on supplies made between 1 January 1978 and 19 March 1997, which has been updated following two legal rulings which found that some of the conditions previously attached to claims were disproportionate
Government has added 29 museums and galleries, which offer free admission to the public, to the VAT refund scheme as part of its commitment to free public access to collections displayed in national museums and galleries, which begins 1 June 2017
HMRC has issued a call for evidence on an alternative method of collecting VAT for online business to consumer sales, in a bid to tackle the growing problem of tax losses on sales via online marketplaces made by businesses based overseas
The draft Finance Bill 2017 has confirmed plans to widen the scope of the disclosure of tax avoidance schemes (DOTAS) to include all indirect taxes including VAT, from 1 September 2017, with penalties of up to £10,000 for non-compliance
All sole traders, the self employed and landlords will have to start quarterly reporting VAT through the Making Tax Digital from April 2019, including VAT, HMRC has confirmed
In our roundup of the Spring Budget 2017 essentials, we review the key tax measures announced in a slimline event, from the unexpected hike in national insurance rates for the self employed to a cut in the tax-free dividend allowance, potential tax liability for pensions transferred overseas, corporation tax cuts and VAT roaming charges for long haul travellers for the first time
The Chancellor has announced the introduction of UK VAT on roaming telecoms services used outside the EU for the first time, meaning that holiday makers and business travellers will see a 20% hike in call charges
From 1 April 2017 the VAT registration threshold will increase to £85,000 from £83,000 and the deregistration threshold will rise from £81,000 to £83,000, announced by Chancellor Philip Hammond as part of the spring Budget
More tax is lost to onshore evasion or non-compliance than to offshore evasion and avoidance, and HMRC is armed with a raft of tools to curb the practice. In the second of a two part series, Jason Collins, a member of the CIOT’s management of taxes sub-committee and partner at Pinsent Mason, reviews government strategy and changes to the rules
A rise in the levy for the VAT flat rate scheme from April 2017 will hit limited cost traders and may wipe out the benefits, warns Benjamin Grunberg ACA, partner at Grunberg & Co
The latest VAT rulings with implications for businesses include late VAT registration in Taylor Construction, overseas agents' supplies in Newcastle University case and business or not at issue in Gravel Road Records, writes Graham Elliott, director at City & Cambridge Consultancy
HMRC has released updated guidance on the changes to the VAT flat rate scheme for small businesses, which is due to come into force this April, but has not finalised the more than 50 individual sector rates despite the imminent flat rate rise to 16.5%
The UK’s VAT regime could be ‘less distortive’ if the registration threshold were brought down from its current £83,000 level, according to an Office of Tax Simplification (OTS) progress report and call for evidence