Category: VAT

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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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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Capital Gains Tax for Non-UK Residents – FAQs

June 2018

Don’t Get Caught Out Are you a non-UK resident with a UK property portfolio or an ex-pat who has kept a foothold in the UK property market? Since April 2015, Capital Gains Tax (CGT) is now charged on the sale of UK residential...

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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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