Tax | VAT receipts climb almost £10bn in one year

Total VAT for the 2023-24 tax year boomed as the tax take rose to almost £170bn, the revised figure for 2022-23 was £159bn

7 Nov 2024

Tax

VAT

HMRC

Tax | EU set to adopt e-invoicing for VAT

In a sweeping change to EU VAT rules, the European council has agreed to go ahead with electronic invoicing and real-time data reporting

6 Nov 2024

Tax

International Tax

VAT

Tax | Private schools use human rights law to challenge VAT

The Independent Schools Council is gearing up to fight the decision taken by Labour to charge VAT on private school fees from 1 January 2025

4 Nov 2024

Tax

Business Tax

VAT

HMRC

Tax Planning

Tax | Lycamobile to appeal £51m VAT ruling

An appeal to the Upper Tribunal was filed by Lycamobile after it lost a £51m VAT dispute with HMRC back in July 

4 Nov 2024

Tax

VAT

HMRC

Case Reports

Tax | Budget 2024: vape liquid will be taxed £2.20 per 10ml

Vaping has been added to the list of vice taxes with the Chancellor bringing vape liquids into the tax fold at a flat rate from 1 October 2026

4 Nov 2024

Tax

Personal Tax

VAT

HMRC

Budget

Tax | Budget 2024: private school tax raid won’t impact MOD staff

As VAT on private schools goes ahead, Ministry of Defence and Foreign Office staff will receive further funding help with school fees to offset the higher costs

1 Nov 2024

Tax

VAT

HMRC

Budget

Tax | Solicitor wins £16k VAT dispute after HMRC error

A self-employed solicitor won her VAT penalty appeal due to incorrect advice from an HMRC advisor, as well her bookkeepers providing the wrong information

23 Oct 2024

Tax

VAT

HMRC

Case Reports

Tax | Tax and NICs receipts up over £11bn

As the ‘painful’ Budget draws closer tax take climbs despite the 4% reduction National Insurance contributions (NICs) introduced by the previous government

22 Oct 2024

Tax

Business Tax

Personal Tax

Inheritance Tax

VAT

HMRC

Tax | HMRC issues largest fines for VAT errors

VAT-related penalties totalled £153m in the past year as HMRC took a tough stance on deliberate errors on VAT returns 

11 Oct 2024

Tax

VAT

HMRC

Tax Compliance

Tax | HMRC still unable to register private schools for VAT

VAT on private school fees will be charged from 1 January but HMRC will not be able to accept registrations until 30 October as legislation will not be passed until the Budget

10 Oct 2024

Tax

VAT

HMRC

Tax Compliance

Tax | What you need to know: VAT and property conversions

Rickie Lowery CTA, tax adviser at Croner-i, explains the circumstances where preferential VAT treatment may be available when converting property

2 Oct 2024

Tax

Property Tax

VAT

Tax Compliance

Tax | VAT on private school fees will impact 55% of parents

Over half of children currently in private education may be impacted due to the rising costs and addition of VAT on fees

24 Sep 2024

Tax

VAT

Tax Planning

Politics

Tax | TalkTalk loses £10.6m VAT appeal over speedy payments

Telecoms giant TalkTalk has lost a VAT appeal at the Upper Tribunal over speedy payment discount promotion

17 Sep 2024

Tax

VAT

Case Reports

Tax | Dry cleaner appeals against £575k tax demand

London-based dry cleaners appealed against corporation tax, VAT and penalties at the First Tier Tribunal but the appellant was ‘not sure’ if they had appealed in time

12 Sep 2024

Tax

Business Tax

VAT

HMRC

Case Reports

Tax | Zero rate VAT for caravan owners extended

Caravan owners will continue to be able to qualify for the zero rate of VAT on all caravans used for residential use as long as they were built since 2005

12 Sep 2024

Tax

VAT

Law and Regulation