by Melanie Lord | Wednesday, 14 Dec, 2016 | Brexit, Caution, International, Opportunity
While no-one knows what kind of Brexit we’ll end up with, we do know that almost any kind of Brexit will affect how we deal with VAT and duty. Here’s what I think you could usefully be doing now – 1. Map out how all of your purchases and sales work in terms of...
by Melanie Lord | Tuesday, 13 Dec, 2016 | HMRC, Numbers, Opportunity, Uncategorised
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...
by Melanie Lord | Thursday, 24 Nov, 2016 | HMRC, Misunderstanding, Opportunity
After a long argument HMRC have conceded that they were wrong to block VAT claims on costs incurred before being VAT registered. Anyone who was blocked from making a claim can now seek a refund – an early Christmas present maybe? Welcome news and a return to how...
by Melanie Lord | Thursday, 13 Oct, 2016 | Caution, Client stories, HMRC, Opportunity, Property
All manner of sub-lets never documented putting previous UK VAT claims at risk but back-dated option to tax confirmed today which is good news. Lucky for this client but HMRC’s starting point now seems to be resisting these situations which crop up regularly...
by Melanie Lord | Tuesday, 12 Jan, 2016 | Caution, Numbers, Opportunity
Two unrelated VAT cases struck me as being potentially important for lots of businesses. The VAT Tribunal decided that National Car Parks had to pay VAT on all of the payments received not just on the charges levied – the difference arising from car park cash machines...
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