VAT

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Image for eu vat moves towards full digitalisation

Tax | EU VAT moves towards full digitalisation

High levels of VAT fraud across Europe have resulted in a rapid move towards digital reporting requirements across member states, which will affect UK exporters, explains Alex Smith, director, consulting services at Sovos EMEA

20 Apr 2023

Tax

VAT

Tax Compliance

Image for scottish whisky makers lobby reversal tax hike

Tax | Scottish whisky makers lobby for reversal of tax hike

The Scotch whisky industry is calling on the UK government to abandon plans to increase the tax on spirit sales by 10.1% this summer

18 Apr 2023

Tax

VAT

Budget

Image for airbnb owners will have pay vat rentals across eu

Tax | Airbnb owners will have to pay VAT on rentals across EU

An overhaul of EU rules will affect Airbnb landlords and agents for villa owners across Europe as VAT will be chargeable on all rentals

17 Apr 2023

Tax

VAT

Image for isle man director jailed ps11m vat evasion

Tax | Isle of Man director jailed for £1.1m VAT evasion

The boss of a consultancy firm has been jailed for more than three years after evading more than £1.1m in VAT payments since 2015

5 Apr 2023

Tax | Businesses find VAT rules too complex

Two thirds of companies complain that VAT compliance is complex and confusing as we mark the 50th anniversary of the introduction of the tax

30 Mar 2023

Tax | Shop fitter jailed after £2.5m tax fraud

A company director has been jailed for six years after evading more than £2.5m in tax over a five-year period

28 Mar 2023

Tax | Employment agent wins £31k tax appeal

An employment agency has won a First Tier Tribunal (FTT) appeal related to an overpayment relief claim amounting to £31,000 in income tax and national insurance contributions (NICs)

27 Mar 2023

Tax | HMRC issues first VAT guidance in Chinese

HMRC has published VAT guidance for Chinese based exporters, with a Mandarin translation aimed at Chinese retailers that sell goods online in the UK

22 Mar 2023

Tax | Inheritance tax take hits record £6.4bn

Inheritance tax (IHT) receipts in February totalled £531m, bringing in a record for the year so far at £6.4bn

21 Mar 2023

Tax | Flooring contractor wins £90k VAT appeal

The director of a flooring company has won a First Tier Tribunal (FTT) appeal over VAT assessments totalling £90,753 related to whether VAT had been deliberately evaded by the company

16 Mar 2023

Tax | Taxpayer ‘careless’ in £58k VAT penalty appeal

An export company made a careless error, not a deliberate one, in its VAT return, resulting in cancellation of £58,000 VAT penalty

10 Mar 2023

Tax | Construction boss jailed for £2m tax fraud

The head of a string of construction companies has been jailed for a fraud involving over £2m of VAT and tax evasion

7 Mar 2023

Tax | Local authority leisure centres do not have to charge VAT

In a win for local councils, HMRC has conceded that local authorities can apply the non-business VAT treatment to leisure services provided to members of the public

6 Mar 2023

Tax | CJEU rules OnlyFans liable for £11m VAT charge

The Court of Justice of the European Union (CJEU) has given a binding ruling that online site OnlyFans is liable to pay millions of pounds in VAT on subscriptions

1 Mar 2023

Tax

VAT

Case Reports

Image for builder jailed ps158k vat fraud

Tax | Builder jailed for £158k VAT fraud

A builder from Hull has been jailed for three years following his involvement with a VAT refunds scam inspired by BBC show Rogue Traders that netted more than £158,000

1 Mar 2023