VAT

Latest news

Image for electric vehicle vat cuts would not be passed

Tax | Electric vehicle VAT cuts would not be passed on

Despite the high profile campaigns to scrap VAT on sunscreen and public electric vehicle charging, the changes would be an expensive waste of money and would not benefit consumers, claim tax experts

12 Jul 2023

Image for stolen laptop did not cancel ps10k vat penalty

Tax | Stolen laptop did not cancel £10k VAT penalty

Two directors of a management consultancy have lost an appeal at the First Tier Tribunal (FTT) over VAT penalties totalling £21,400 after its records were stolen abroad

10 Jul 2023

Image for amazon trader wins ps23k vat case

Tax | Amazon trader wins £23k VAT case

An Amazon trader has won an appeal over disputed £23,000 VAT assessments as HMRC should have applied the flat rate scheme

7 Jul 2023

Image for gold trader has pay vat bullion sales

Tax | Gold trader has to pay VAT on bullion sales

The gold trader has lost an appeal at the High Court over whether supplies of gold bullion should be treated as exempt, rather than zero-rated, from VAT

6 Jul 2023

Image for join our webinar tax and vat rule changes

Tax | Join our webinar on tax and VAT rule changes

We will be running a webinar on the main VAT and indirect tax changes due to come into effect in the Finance Bill

22 Jun 2023

Image for director loses ps84k vat case

Tax | Director loses £84k VAT case

The First Tier Tribunal (FTT) has ruled that a director did not have a reasonable excuse for not paying an £84k VAT bill on time

22 Jun 2023

Image for tesco removes vat suntan lotion

Tax | Tesco removes VAT on suntan lotion

With temperatures continuing to soar, Tesco plans to pay the VAT bill on store brand sun care products this summer

19 Jun 2023

Image for hospitality directors banned ps700k tax debt

Tax | Hospitality directors banned for £700k tax debt

A couple have been banned from being company directors for three years after owing more than £700,000 to HMRC

19 Jun 2023

Accountancy Firms

Called to Account

Image for former soldier avoids jail over ps45k vat fraud

Tax | Former soldier avoids jail over £45k VAT fraud

A former soldier who stole £45,000 in fraudulent VAT payments as part of a £1.2m fraud has been spared an immediate prison sentence

15 Jun 2023

Accountancy Firms

Called to Account

Image for vat penalties hit 66k single year

Tax | VAT penalties hit 66k in a single year

Businesses face increased risk of financial penalties for VAT errors driven by the complexity of the regime and HMRC’s return to a compliance focus, warns Xeinadin

15 Jun 2023

Image for plumbing contractor loses ps18k vat appeal

Tax | Plumbing contractor loses £18k VAT appeal

A company director has lost a First Tier Tribunal (FTT) appeal against VAT assessments and penalties for £18,681

8 Jun 2023

Image for hmrc launches vat self service time pay

Tax | HMRC launches VAT self service time to pay

HMRC has confirmed that businesses can now set up a payment plan online if they owe less than £20,000 in unpaid VAT

8 Jun 2023

Image for airline training company loses ps107m vat appeal

Tax | Airline training company loses £10.7m VAT appeal

An airline training provider has lost a High Court appeal against a demand issued by HMRC for £10.7m related to a clearance request

6 Jun 2023

Image for director jailed six years over ps7m vat evasion

Tax | Director jailed for six years over £7m VAT evasion

Two brothers have received lenghty prison sentences after stealing more than £7m in VAT and falsifying invoices over an eight-year period

5 Jun 2023

Accountancy Firms

Called to Account

Image for clothing boss jailed ps97m vat fraud

Tax | Clothing boss jailed for £97m VAT fraud

Two men involved in one of the UK’s largest carousel VAT frauds have been sentenced to a combined total of 31 years in jail

26 May 2023

Law and Regulation

Called to Account

Image for electrical blinds are not tax deductible

Tax | Electrical blinds are not tax deductible

HMRC has clarified the rules on claiming VAT relief on the installation of electrical blinds in building projects

24 May 2023

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