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Rita Wader Blog |
HM Revenue & Customs (HMRC) has amended its meaning of “entire interest” in the VAT treatment of the construction self-supply charge following a landmark Supreme Court ruling.
The electric car revolution is with us and if not quite a tsunami of sales, more and more people and businesses are looking at them.
The One Stop Shop (OSS) Union scheme launched across the European Union (EU) earlier this year, but few businesses fully understand how the scheme works or are even aware of its existence. In this blog, we are going to look at how the scheme could help your business and what steps you need to take…
Less than one in three VAT-registered businesses with a taxable turnover below the VAT threshold have voluntarily signed up for Making Tax Digital (MTD) for VAT, figures have revealed. The analysis, published by HM Revenue & Customs (HMRC), comes ahead of the next MTD milestone in 2022, when all VAT-registered businesses need to join the…
A gambling operator is set to receive around £80 million after securing a ruling in relation to the application of VAT to B2 gaming machine revenue. HM Revenue & Customs (HMRC) declined to appeal the first-tier tax tribunal (FTT) decision last month. It means Rank Group, a UK-based gambling and betting company, will be entitled…
A small business owner who failed to pay the correct amount of VAT for more than five years has been banned from running further companies, a report has revealed. The Insolvency Service said the fish and chip shop, based in Wales, had “not distinguished the difference between hot and cold food sales”. According to the…
A catering contractor who failed to register for VAT despite earning well above the registration threshold has been fined and banned from running a company for seven years.
UK businesses who have supplied digital and telecommunication services to the EU since 01 January have just weeks remaining to apply for the non-union VAT mini one stop shop (MOSS), it has been warned.
HM Revenue & Customs (HMRC) has confirmed that both acquisition VAT and import VAT may apply on transactions spanning the end of the Brexit transition period.
International businesses affected by Covid-19 will have more time to make UK VAT refund claims, it has been confirmed.