VAT on Deposits and prepayments

VAT on Deposits and prepayments

HMRC have announced new rules from 1 March 2019 for handling VAT on deposits and prepayments or other payments received in advance of delivering goods or services. Read more here. Prior to the change if a customer paid but then […]

VAT treatment of Vouchers

VAT treatment of Vouchers

The VAT treatment of vouchers has always been nightmarish and while new rules introduced in January 2019 (read more here) will make for an easier road, until previously issued vouchers have washed through the system we will still have scope […]

UK VAT Fraud in 2018

UK VAT Fraud in 2018

Smugglers, potential arms dealers and globe-trotting tax fugitives all feature in HMRC’s top ten criminal cases of 2018. HMRC’s fraud investigations have led to 671 people being convicted over the last 12 months for their part in tax crimes. In […]

VAT and village halls

Charity buildings & VAT certificates

The ongoing saga of charity buildings & VAT certificates catches a football club being penalised for issuing a VAT certificate to secure zero-rating.  The case looks to have finally come to a close. The Upper-tier Tribunal (UT) decided against HMRC […]

How 'no deal' Brexit will work

How ‘no deal’ Brexit will work

Most people spend longer planning a wedding that UK businesses are being given to plan for Brexit.  Probably an odd thought given that this is a national divorce but nevertheless we are in a worrying situation.  How ‘no deal’ Brexit […]

Important new VAT rules for Construction Services from 2019

Important new VAT rules for Construction Services from 2019

HMRC have announced the introduction of a new reverse charge that will apply to all construction services from 1 October 2019.  The important new VAT rules for Construction Services from 2019 do not have an entry threshold.  The rules will […]