VAT

Latest news

Image for hmrc wins ps17m vat repayment case

Tax | HMRC wins £1.7m VAT repayment case

The Court has ruled that mistakenly paid VAT of £1.7m by the Mayor’s Office for Policing and Crime could not be repaid by HMRC as the police department would be ‘unjustly enriched’

6 Apr 2022

Tax

VAT

Case Reports

Image for flapjacks are not cakes vat purposes

Tax | Flapjacks are ‘not cakes’ for VAT purposes

The court has ruled that flapjacks cannot be classed as cakes which means they are subject to standard rate VAT and due to this the company is not entitled to credit on input tax

5 Apr 2022

Tax

VAT

Case Reports

Image for filing deadlines april june 2022

Tax | Filing deadlines: April - June 2022

In our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates for PAYE cheque payments, VAT quarterly instalments, and Making Tax Digital (MTD)

1 Apr 2022

Tax | Court rejects £268k input tax claim appeal

The court has dismissed an appeal against HMRC’s decision to refuse an input tax claim of £268,000 ruling that the company had acted ‘dishonestly’

1 Apr 2022

Tax | Hospitality VAT rate set to return to 20%

The reduced rate VAT for hospitality venues is to end tomorrow with the VAT rate increasing from 12.5% back to the original 20%

31 Mar 2022

Tax | Q&A: calculating turnover for VAT registration

In this week’s Q&A, Croner Taxwise senior VAT consultant Vivienne Scott, explains how turnover is calculated for VAT registration when a business has been registered before

29 Mar 2022

Tax

VAT

Tax Compliance

Image for vat export refund scheme vehicles changing

Tax | VAT export refund scheme for vehicles changing

The government is changing the VAT rules on the export refund scheme for the export of second-hand cars and vans from 1 October 2022

28 Mar 2022

Tax | Less than one week to go for Making Tax Digital

Businesses have less than a week to prepare for Making Tax Digital (MTD) for VAT becoming mandatory for VAT-registered businesses on 1 April, warns HMRC

28 Mar 2022

Tax | VAT from Concert for Ukraine tickets donated to charity

The VAT collected on the sales of ITV’s Concert for Ukraine tickets will go directly to a charity providing aid for Ukraine, Chancellor says

25 Mar 2022

Tax

VAT

Image for shopkeepers lose ps243k tax appeal

Tax | Shopkeepers lose £243k tax appeal

Court upholds VAT assessments, penalties, and income tax amendments totalling £234,516.22 ruling that the shopkeepers had deliberately filed incorrect returns to reduce their tax liability

23 Mar 2022

Tax | VAT take £61bn higher than last year

The revenue raised from VAT has hit its fifth highest consecutive month collecting over £50bn more than the previous year while the take for April 2021 to February 2022 was £61.3bn higher

22 Mar 2022

Tax | What to expect in the Spring Statement

In the Spring Statement tomorrow, predictions suggest that the Chancellor will have a ‘tax light’ speech but what can we expect to see?

22 Mar 2022

Tax | Q&A: how to keep VAT records under Making Tax Digital

In this week’s Q&A, David Smith, VAT adviser at Croner Taxwise, explains the new digital reporting requirements for all VAT registered businesses from April under Making Tax Digital rules

22 Mar 2022

Tax | Making Tax Digital for VAT – subsidiary reporting

As the extension to Making Tax Digital (MTD) for VAT comes into force on 1 April, Russell Gammon, chief solutions officer at Tax Systems, explains the implications for subsidiaries

15 Mar 2022

Tax | Treasury collects £4m extra a day in fuel VAT

Since the beginning of 2022, the Treasury has collected nearly £4m extra a day in fuel VAT due to the increasing price of petrol which totals an extra £270m so far this year

14 Mar 2022

Tax

VAT