VAT

Image for frozen thresholds push tax receipts ps5159bn

Tax | Frozen thresholds push tax receipts to £515.9bn

The total tax take hit a record £515.9bn in the first eight months of the tax year, up £24bn on last year, dominated by soaring income tax receipts

21 Dec 2023

Tax | Toys R Us property owners lose £3.5m tax case

The company behind Toys R Us property portfolio has lost an appeal at the Upper Tribunal over a £3.5m VAT rebate

20 Dec 2023

Tax | Bolt wins tax tribunal case against HMRC

Bolt has won its case against HMRC regarding whether the company was liable to pay a 20% tax on the full fare

19 Dec 2023

Image for more energy saving materials qualify zero rate vat

Tax | More energy saving materials qualify for zero rate VAT

The government plans to expand the VAT zero rate available on the installation of certain energy saving materials

12 Dec 2023

Tax Compliance

Image for gap group wins ps840k red diesel vat case

Tax | GAP Group wins £840k red diesel VAT case

HMRC has lost a case at the First Tier Tribunal against a plant hire company over the rate of VAT charged on red diesel provided in equipment for hire

29 Nov 2023

Tax | HMRC targets non-payers of VAT

HMRC plans a letter campaign to target non-payers of VAT telling them to disclose unpaid tax dating back up to six years

29 Nov 2023

HMRC

Image for exporter loses deliberately inaccurate ps217k vat appeal

Tax | Exporter loses ‘deliberately inaccurate’ £217k VAT appeal

A former director of an electrical goods exporter has lost an appeal totalling £217,000 for unpaid VAT and penalty charges as behaviour was ‘deliberately inaccurate’

28 Nov 2023

Tax | Income tax take soars £28bn over one-year period

From November 2022 to October 2023 the total amount of income tax paid was £262bn, a £28bn rise compared to the previous year’s £234bn

21 Nov 2023

HMRC

Image for deadline diy housebuilders vat scheme extended

Tax | Deadline for DIY housebuilders VAT scheme extended

People building their own homes will be able to file VAT refund claims online for the first time with a longer timeframe to submit returns

13 Nov 2023

Tax Compliance

Image for paper vat registrations end 13 november

Tax | Paper VAT registrations end on 13 November

HMRC will be scrapping paper VAT registrations and mandating online only sign-ups next week

6 Nov 2023

Tax | La Perla faces closure over unpaid £2.8m tax bill

Luxury lingerie company La Perla is going to be wound up after it failed to pay a £2.8m tax bill to UK tax authorities

2 Nov 2023

Tax | CPD module: VAT error correction

In this month's exclusive Accountancy Daily CPD learning module, we focus on how to avoid VAT errors, correct filings and ensure your returns are accurate

1 Nov 2023

Image for gold jeweller wins concession over ps12m vat bill

Tax | Gold jeweller wins concession over £1.2m VAT bill

A jeweller has won an appeal at the First Tier Tribunal over whether a £1.2m VAT bill was liable for a reduced rate as the jewellery imported into the UK was made from exported gold

31 Oct 2023

Image for mcvities must pay 20 vat blissfuls biscuits

Tax | McVitie’s must pay 20% VAT on Blissfuls biscuits

HMRC has won the latest case about VAT on 'chocolate' biscuits as First Tier Tribunal rules that McVitie’s Blissfuls are liable for VAT

25 Oct 2023

Image for target loan administrators lose vat exemption case

Tax | Target loan administrators lose VAT exemption case

The Supreme Court has ruled against a loan administration outsourcer which handles payments for Shawbrook Bank customers and was contesting VAT exemption for transactions

11 Oct 2023