Month: February 2017

UK VAT Flat Rate News

If you’re interested in the VAT Flat Rate Scheme increase affecting limited cost businesses you can find out more in HMRC webinars on Wednesday.  HMRC are running two webinars when they outline the test that will need to be applied. Wednesday 01 March 12:00 to 13:00 Register now for this meeting Wednesday 01 March 14:00 to […]

UK VAT definition of sport

VAT is full of hair-splitting definitions with the latest debate on what is a sport?  Seems like an easy enough question doesn’t it?  Not for VAT though.  And not when it’s about Bridge of all things.   I know all too well that Bridge is a very hard game to learn but I never once thought […]

UK VAT claims on petrol allowances

Anyone claiming VAT on employee expenses should make sure they hold proper evidence otherwise their claims won’t safe.   This was a lesson learnt the hard way by a group of pharmacies trading as Cohens Chemist (Tribunal reference TC05643) when they had £67,000 VAT claims blocked. It’s very easy to be sniffy about details like […]

UK VAT & deciding what’s being sold

Here’s a case that goes to show you just have to read the rules objectively.  VAT will be due unless tightly worded exceptions apply.  No matter how hard you try you can’t push something into a VAT relief if it just shouldn’t be there. Maybe it’s just me but I think I heard echoes of […]

UK VAT is different (after all) for Making Tax Digital

I had been feeling increasingly worried about HMRC’s Making Tax Digital proposals as – despite various efforts – they seemed to be ignoring the very idea that VAT accounting can be complicated.  What relief to read this in the recently released consultation response document (here) – “The government understands the concerns about translating complex VAT […]