Can VAT be reclaimed?

Can VAT be reclaimed?

Two very different cases through the VAT tribunal addressed the question of ‘Can VAT be reclaimed?’.  What was interesting was that both cases used the same tests to decide whether input VAT could be reclaimed and in one case whether […]

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 […]

No-Deal Brexit Action Plan

No-Deal Brexit Action Plan

It would have been nice to know what is actually happening but here are a few things you should be doing now to cover your bases in case we have a no-deal Brexit – Check if you have an UK […]

VAT & commissions

VAT & commissions

If I asked you ‘what is a commission?’ your answer would depend on whether you are an army officer, a sales agent or involved with insurance or finance. So anything to do with VAT & commissions is really a trick […]

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 […]