VAT

Latest news

Image for two medical agencies lose ps2m vat case

Tax | Two medical agencies lose £2m VAT case

The Court of Appeal has rejected an appeal by two medical recruitment agencies which were arguing that VAT costs were refundable on commissions paid for staff placements

7 Mar 2022

Tax

VAT

Case Reports

Image for more 80 impacted businesses unaware mtd changes

Tax | More than 80% of impacted businesses unaware of MTD changes

With just one month to go until the rollout of the Making Tax Digital (MTD) for VAT extension, 82% of eligible businesses that are yet to comply are still unaware of the impending deadline

4 Mar 2022

Tax | VAT group registration rules clarified

HMRC has issued guidance about how businesses should file their VAT returns while waiting for a decision on a VAT grouping application

3 Mar 2022

Tax | Q&A: postponed VAT accounting system for imports

In this week’s Q&A, Croner Taxwise VAT adviser Rachel Clarke, explains the pros and cons of using the postponed VAT accounting system when importing goods

1 Mar 2022

Tax

VAT

Tax Compliance

Tax | VAT updates: March 2022

Graham Elliott examines the postal services exemption in Zipvit, beautician room rental in the case of Errol Willy Salons and evidence for export in Junjie Lui & Zhe Li

1 Mar 2022

Tax

VAT

Case Reports

Image for major tax reform needed tackle inequality

Tax | Major tax reform needed to tackle inequality

Tax experts have stated that a major overhaul of the overall tax system is needed to tackle inequality and support business

1 Mar 2022

Tax | Tax receipts £124bn higher than last year

HMRC continues to increase its tax take with tax receipts for April 2021 to January 2022 coming in at £123.8bn higher than in the same period a year earlier

22 Feb 2022

Tax | Change to flat rate scheme VAT reporting

HMRC has confirmed that the reporting requirements under the VAT flat rate scheme are due to change in June

18 Feb 2022

Tax

VAT

Tax Compliance

Image for car boot sale business wins ps87k vat case

Tax | Car boot sale business wins £87k VAT case

A taxpayer has won an appeal against a VAT and interest assessment worth £87,795 with the court ruling that they ran an ‘ordinary car boot’ and the pitches it rented out were zero-rated

15 Feb 2022

Tax

VAT

Image for qa vat lease terminations and property dilapidations

Tax | Q&A: VAT on lease terminations and property dilapidations

In this week’s Q&A, Croner Taxwise VAT adviser Tony Chamberlain, considers the treatment of VAT on lease terminations and property dilapidations in commercial buildings

15 Feb 2022

Tax

VAT

Tax Compliance

Image for accountant loses ps297k tax relief case

Tax | Accountant loses £297k tax relief case

An accountant’s claim for input tax and VAT relief of £240,842.78 has been rejected as his luxury leisure complex was ruled not ‘business expenditure’

14 Feb 2022

Tax | HMRC seizes NFT for first time in £1.4m fraud case

HMRC has seized three non-fungible tokens (NFTs) and arrested three people as part of an investigation into a £1.4m tax evasion fraud

14 Feb 2022

Tax

VAT

HMRC

Image for taxpayer loses claim over ps164k vat assessment

Tax | Taxpayer loses claim over £164k VAT assessment

The Court of Appeal has thrown out an appeal from a taxpayer against a VAT assessment of £164,932 ruling that they did not comply with requirements or even have the correct records to prove its claims

9 Feb 2022

Tax

VAT

Case Reports

Image for how accountants can help small businesses adopt mtd

Tax | How accountants can help small businesses adopt MTD

The next phase of Making Tax Digital for VAT will affect all small businesses so getting ready for the change is vital. Glen Foster, director, small business & accounting partners, Xero, provides useful tips

8 Feb 2022