Category: Uncategorized

Will New Car Personal Contract Purchases Survive HMRC’s Latest VAT Change?

March 2019

HMRC have announced a policy change in the VAT treatment of Personal Contract Purchases (PCP) vehicle sales which is likely to have a major impact on the future of the market. Whilst the way in which dealers invoice finance companies...

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Making VAT Digital Update

February 2019

VAT registered businesses with a taxable turnover above the VAT threshold (£85,000) will have to keep digital VAT records and submit VAT returns using Making Tax Digital (MTD) compatible software from April 2019. Deferral of Start Date for More Complex...

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The VAT Mini One Stop Shop (MOSS)

January 2019

Digital Services Within the EU Businesses that supply digital services within the EU are subject to VAT in every member state where they make sales. ‘Digital services’ include most services supplied on websites and online, such as streaming and downloads....

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VAT Treatment of Residential Service Charges

January 2019

Many occupants of residential property are required to pay service charges in respect of shared costs for the estate or building in which they live. It is common for the person responsible for managing and collecting these service charges to...

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VAT Deregistration

November 2018

When and How to Begin the Process of VAT Deregistration These days VAT thresholds are the subject of much speculation, with the Government concerned that many business owners deliberately choose to stay below the VAT-registration threshold. Limiting your ambition in...

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VAT Domestic Reverse Charge

October 2018

HMRC recently held a consultation requesting views on the proposed introduction of a reverse charge mechanism to combat VAT fraud in the construction sector. Following its conclusion and analysis of feedback, HMRC has published draft legislation in the form of...

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‘No Deal’ Brexit Advice has been Published by the UK Government

August 2018

The government’s first batch of advice for UK businesses in the event of a no deal Brexit includes help with both VAT and customs duty. Advice is for businesses to review supply chains, renegotiate contracts for higher duty costs and...

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VAT Refunds for Dealers Agreed with HMRC

July 2018

Our member firm, MHA MacIntyre Hudson have been working with a number of dealers to argue for a refund of VAT which we believed had been overpaid on dealer deposit contributions (DDC). After a long period of HMRC resistance, we are delighted...

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Zero Rate VAT & Construction Services

July 2018

Are you Sure the Law is on Your Side? It’s fairly widely known that the VAT Zero Rate applies to a variety of construction works. However, like many areas where VAT liability is an issue, it pays to be very...

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HMRC’s Student Accommodation VAT Challenge Fails

June 2018

Contractors, developers and planners, amongst others, can now be assured that they do not have to pay VAT to subcontractors with regard to new build student accommodation. Despite HMRC’s best efforts to overturn the decision with regards to VAT relief on...

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