How to manage VAT surcharges
The Default Surcharge is often seen as a blunt instrument in the battle to improve taxpayer compliance. However a helpful decision on managing Default Surcharges […]
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VAT
Can you be charged a VAT Penalty where you’re caught up in a fraud?
Last autumn HMRC published a consultation document asking for views on a new penalty for participating in VAT fraud. The Budget confirmed that the new
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Are you affected by the VAT Flat Rate Scheme changes?
Are you a “Limited Cost Trader”? Answering the easy question first- if you use the VAT Flat Rate Scheme and you spend less than
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Tribunal overturns HMRC Penalties
In a recent tax case the First Tier Tribunal agreed with HMRC that the capital loss claim in Simon Fry’s tax return was due to his carelessness
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VAT implications of BREXIT
What does it mean for my business? Mrs. May said this week that we cannot possibly stay in the Single Market, so what does this
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VAT: deregistration enquiries reap rewards
Recently we have noticed that there appears to be a co-ordinated strategy by HMRC to review the national option to tax records whenever a business
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Charity Advertising-VAT relief
A journey through Time and Space! The reissue of VAT Notice 701/58 “Charity advertising and goods connected with collecting donations is a welcome reminder of
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Claiming VAT on pre-registration costs
Input VAT HMRC have backed down on their (unannounced) apparent policy change for recovering pre-registration input tax. HMRC had been issuing letters threatening assessments where
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VAT Update – Charities & Not for Profit
Level playing field… Charities and Not for Profit businesses providing care and welfare services are increasingly being depended upon to take up the role previously
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Making Tax Digital: What’s the story?
Following the initial announcement in December 2015, this week HMRC has finally launched a consultation process on the Making Tax Digital (MTD) initiative. The MTD
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free making tax digital briefing 