Category: Uncategorized

Making Tax Digital for VAT

April 2018

Making Tax Digital (MTD) for businesses will finally arrive on 1 April 2019. From that date, all VAT registered businesses with turnover above the VAT threshold (currently £85,000) will be required to: Maintain digital records (for VAT purposes only); Provide...

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Property VAT – Opt to Tax Explained

April 2018

If you have an interest in commercial property, whether freehold or leasehold, and use it for your own business purposes and do not rent it to others, it is generally unlikely that you will need to consider opting to tax...

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VAT and Imports – The Importance of the C79

April 2018

Trading Outside the EU Businesses that import from outside the EU usually appoint an import agent to assist with the process. Whilst the agent should provide you with all the documentation needed to support the purchase costs, they are not...

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VAT for Motor Dealers

April 2018

VAT is an increasingly complex tax, particularly in the motor trade where mistakes can be costly, due to the high unit values involved. HMRC continue to target motor dealers using specially trained officers, so it’s always worth reviewing your VAT...

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VAT Inspections in the Legal Sector

April 2018

The 2017 case involving Brabners Solicitors and in particular the VAT treatment of online search fees has been well documented. We have seen evidence of HMRC’s targeted approach from visiting firms to follow up on this issue. It certainly appears that professional...

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Clarifying VAT

February 2018

Do Retailers who Sell Food, Hot or Cold, Need to Charge VAT? There are two key questions to ask when deciding whether the sale is standard rated or zero rated. Is any supply of food for consumption on the premises on which...

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Has the Court of Appeal Rewritten the VAT Rules for Independent Colleges?

September 2017

If you are an independent provider of higher education, the recent SEL judgement is certainly required reading. SEL and other similar independent providers of higher education that do not operate on a “not for profit” basis, can only claim VAT...

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Multi Academy Trusts – Governance and Internal Assurance

October 2016

This article will look at good governance and internal assurance for Trustees of Multi Academy Trusts (MATs). Delivering Strong Governance MATs often have 2 levels of governance; local governors who work with individual schools, as well as an over-arching Trustee Board...

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Cross border transactions – pitfalls for tech companies expanding overseas

November 2015

As it becomes more difficult to determine where revenues are derived in the digital environment, it becomes harder to ensure revenues and/or profits are not falling within a taxation net in territories where trading occurs in which businesses may not...

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2015 Manufacturing & Engineering Survey Report

September 2015

Our 2015 MHA Manufacturing and Engineering Survey Report  is now available. Drawing on national and regional insight from over 400 clients and contacts, the findings of our recent report, supported by Lloyds Commercial Banking, identify opportunities and concerns, signposting future developments...

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