VAT

Image for court refuses appeal ps855k vat repayment

Tax | Court refuses appeal for £855k VAT repayment

HMRC has been allowed to strike out an application for VAT repayment of £855,000 as the taxpayer was barred from appealing

11 May 2022

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Tax | HMRC clarifies points-based VAT penalty framework

HMRC has issued guidance setting out the changes to VAT penalties and interest charges that will apply to everyone who submits a VAT return from 1 January 2023

11 May 2022

Tax | Net zero tax strategy vital says ICAS

The Institute of Chartered Accountants of Scotland (ICAS) has called for a net zero tax strategy as it is vital to support individuals and businesses in the transition to net zero

6 May 2022

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Tax | Paying salaries prioritised over ‘terrifying’ tax debt

Tax debts were not seen as a priority when balanced against maintaining cash flow and paying staff during the pandemic, according to research into HMRC debt collection

6 May 2022

Tax | Car insurance company loses £2m VAT case

An insurance company has lost its case to reclaim £2m in VAT as there was no evidence that their work in removing black telemetric boxes from cars was not a supply for VAT

5 May 2022

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Tax | Q&A: hire purchase agreements and VAT

In our weekly Q&A, Croner Taxwise VAT adviser Tony Chamberlain considers whether hire purchase agreements should be categorised as goods or services for VAT purposes

4 May 2022

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Tax | Filing deadlines May – August 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from deadline for Forms P46(Car), P60 payroll reporting to employees, and confirmation statements showing benefits that have had tax collected through payroll in 2021-22

3 May 2022

Tax | VAT updates: April 2022

In this month’s VAT updates, Graham Elliott examines VAT rulings on dog grooming lessons, car boot sale rent and unjust enrichment

3 May 2022

Image for vat and private tuition what you need know

Tax | VAT and private tuition: what you need to know

Understanding the nuances of VAT liability on charges for private tuition lessons is far from straightforward. Tim Palmer CTA ATT explains

27 Apr 2022

Tax Compliance

Image for national insurance takings hit ps157bn record

Tax | National insurance takings hit £157bn record

The revenue from National Insurance Contributions (NICs) has hit £157bn, the highest amount on record

26 Apr 2022

Tax | HMRC clarifies rules on fulfilment houses

HMRC has updated the guidance on the fulfilment house due diligence scheme approval to clarify that if a business is sold the new owners must reapply for certification

21 Apr 2022

Tax | The risks of failing to give security for VAT

The High Court judgment in the Pugsley case is a salutary warning to tax advisors that there is no ‘legitimate expectation’ of independent review into giving security for VAT if offer not properly accepted. David Bloom and Nathaniel Rudolf QC examine the ruling

21 Apr 2022

Image for wine company loses ps581k tax appeal

Tax | Wine company loses £581k tax appeal

A wholesale wine importer has lost its appeal for an input tax return of £581,000 with the court ruling that the company should have known its purchases were connected with VAT evasion

19 Apr 2022