Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HMRC has confirmed
Supermarket giant Morrisons has lost an appeal against HMRC over the decision that products sold under the Organix and Nakd brands were standard rated for VAT purposes
As the EU plans an overhaul of its VAT rules for e-commerce businesses, the UK government has published guidance updating the changes to meet with the new EU VAT e-commerce framework
Complex VAT compliance rules on land and property could be simplified as the government issues a consultation on reform of the current rules to help developers
Following the outcome of various tax tribunals HMRC has revised its VAT policy which means manual window blinds and shutters are now considered building materials for VAT purposes and can be zero-rated when installed in a qualifying build
Angela Bedi, VAT expert at Croner-i Navigate, considers the new One Stop Scheme (OSS) scheme, one of three reforms to be introduced across the EU from 1 July 2021 to simplify the VAT accounting and compliance for (mainly) online sellers
The Chartered Institute of Taxation (CIOT) has welcomed the government’s decision to amend the Finance Bill but still calls for a wider rethink of plans to end the VAT repayment supplement, claiming it could be devastating for some businesses
In this month’s round-up of key VAT decisions, Graham Elliott assesses the tribunal rulings in Northumbria Health Care NHS Trust, Step by Step and Balhousie
The EU is set to overhaul the VAT rules for e-commerce businesses which means businesses will have to electronically declare and pay the VAT for all their intra-EU sales in a single quarterly return
Compliance with Making Tax Digital for VAT means that uploading data via Excel spreadsheets is no longer allowed. Jim Scott, managing director of accountancy at IRIS Software Group, provides tips and advice
The pandemic has taken a toll on tax revenues as the latest figures show total tax receipts for the tax year 2020 to 2021 are £584.3bn, a significant £49.1bn lower than in the same period a year earlier
Complex border rules between Great Britain and Northern Ireland post-Brexit mean that companies must be careful to ensure full compliance with customs rules. Sarah Kay provides essential tips and advice
HMRC has confirmed that companies will be liable for a 5% penalty or interest if they do not pay in full or make an arrangement to pay deferred VAT by 30 June 2021
The Supreme Court’s recent decision in Balhousie Holdings indicates that care home operators, charities and universities may be able to use leaseback arrangements to finance certain new buildings without incurring a hefty VAT liability. Sarah Halsted, national VAT technical officer at RSM, examines the decision
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