Month: December 2016

VAT News from across Europe

A few changes are being made to VAT in other countries – thanks to KMLZ newsletter – “AUSTRIA simplifies burden of proof for intra-Community triangular supplies +++ BELGIUM is to abolish advance payments if quarterly VAT returns are filed +++ FRANCE may raise its standard VAT rate +++ HUNGARY is changing its mandatory invoice requirements […]

UK VAT on Adult Colouring Books

From April 2107 VAT will be due on all colouring and dot-to-dot books that aren’t specifically marketed as being suitable, or are actually unsuitable for under-18’s. HMRC have magnanimously announced their clarification ahead of imposing VAT to give suppliers chance to alter their products.  I think we can expect to see <18 stickers on the […]

Prospect of Simple UK VAT

Good news that the complicated bits of VAT are being reviewed by the Office of Tax Simplification to ‘ensure that the system is fit for purpose’.  This is not a VAT rate review but maybe owes something to Brexit? You can read more here I’m particularly pleased that the review will consider whether we need […]

UK VAT on Non-EU B2C Distance sales

Talking to a new client on Friday about UK zero-rating their B2C non-EU sales and realised there’s another angle to explore. If distance selling within the EU can create a liability to pay VAT where the customer belongs, could that extend to non-EU B2C sales? There are now 114 countries operating a VAT-type system. How […]

UK VAT on commercial property – Client story

The final piece of the puzzle fell into place today with this tangled mess of a property group getting with-held VAT claims released.  The wrong company bearing costs; not notifying the option to tax at the right time; claiming on exempt conversions were all part of the mix but all now resolved.  Big thanks to […]