VAT

Latest news

Image for hmrc targets car dealers over ps444m unpaid tax

Tax | HMRC targets car dealers over £444m in unpaid tax

The automotive sector is facing HMRC scrutiny as dealerships across the UK are being investigated for suspected tax evasion

25 Aug 2023

Tax | Inheritance tax take hits £2.6bn

HMRC raked in £2.6bn in inheritance tax (IHT) receipts between April to July 2023, with receipts in June this year the highest monthly total on record

22 Aug 2023

Tax | Tesco scraps VAT on period pants

Tesco has become the first retailer to cover the cost of VAT on its range of period underwear, following an industry push calling on the government to scrap the 20% tax that applies to the product

21 Aug 2023

Tax | One in 10 SMEs face £45k bill for overdue tax

Corporation tax and VAT are the biggest tax headaches for SMEs with more than 550,000 struggling to pay tax bills

17 Aug 2023

Tax | Reducing the risk of VAT penalties

The points-based system of penalties for VAT errors and non-compliance makes it essential to keep on top of payments, warns Liz Maher, indirect tax director, Xeinadin Group

14 Aug 2023

Tax

VAT

Tax Compliance

Image for director sentenced ps492k vat fraud

Tax | Director sentenced for £492k VAT fraud

A director of a tiling business has been sentenced after stealing £492,000 through fraudulent VAT returns, despite HMRC giving him the chance to amend them

11 Aug 2023

Tax | Glasgow shop owner pleads guilty to £725k VAT fraud

A Scottish businessman who knowingly evaded £725,000 in VAT payments to HMRC has pleaded guilty following a large scale VAT probe

7 Aug 2023

Tax | HMRC pursues Uber for £386m VAT bill

HMRC has demanded Uber pay an extra £386m worth of VAT over its use of the tour operators margin scheme

2 Aug 2023

Tax | Uber ruling means taxi apps face VAT bill

Uber has won a ruling at the High Court that all ride-hailing apps should face a 20% VAT charge on passenger bills

31 Jul 2023

Tax | Avios flight points may be taxed, warns HMRC

British Airways Avios members may have to pay VAT on tickets bought with Avios points as a result of HMRC’s review of the airline’s VAT treatment

31 Jul 2023

Tax

VAT

HMRC

Tax | HMRC loses appeal over luxury hotel £76k VAT bill

The operator of a luxury hotel group has won an appeal at the Upper Tribunal over a dispute with HMRC relating to a VAT bill for £76,000 as VAT on accountancy and legal fees was recoverable

26 Jul 2023

Tax | Bar owner loses £56k tax dispute over late appeal

A director of a bar and restaurant group has lost an appeal over a late filing penalty which was submitted more than a year late

25 Jul 2023

Tax | Restaurant wins £280k VAT hardship appeal

The First Tier Tribunal (FTT) has granted a restaurant its application for hardship related to a VAT penalty of £280,903, which it could not afford to pay

24 Jul 2023

Tax | Accommodation provider wins £252k TOMS VAT case

A tribunal has ruled that a supplier of temporary accommodation to business travellers and tourists can apply the Tour Operators Margin Scheme

21 Jul 2023

Tax

VAT

Case Reports

Image for director loses ps20k vat appeal paid four days late

Tax | Director loses £20k VAT appeal as paid four days late

A director has lost a First Tier Tribunal (FTT) appeal over a VAT default penalty issued by HMRC for £20,000 for a payment that was only four days late

17 Jul 2023