January’s VATflash focuses on the changes to the research exemption, the long-term hire of means of transport, updates from the courts and other VAT related issues.
- Tax Hub
- Creditor reports portal
- Budget summary
Latest News & Events
Amazon and eBay face VAT liability bombshell as HMRC targets ‘sea change’ in attitudes
Unpaid VAT on online sales has become a huge issue in recent years, and has cost the Exchequer a vast amount in potential lost revenues.
HMRC investigations bring in a record £3.9bn of extra VAT from SMEs
The amount of extra VAT taken from investigations into SMEs by HMRC’s local offices has almost doubled in three years, rising from £2.2billion in the 2010/11 tax year.
HMRC’s internal VAT review process tips in favour of HMRC over businesses
Businesses are losing out as HMRC’s internal VAT decision review process appears to be making decisions increasingly in HMRC’s favour,
Automotive case studies
Examples about how we have added value to our automotive clients’ businesses in the last 12 months.
HMRC smarting at VAT decision
Can VAT charged on an asset that gives rise to non-taxable income be reclaimed by the purchaser? In Frank A Smart & Sons Ltd  CSIH 77 the trader thought it could, however HMRC did not.
Another concession bites the dust!
The withdrawal of the concession means that the onward charge by profit-making clubs of the affiliation fee will be liable to VAT at 20% unless it meets the conditions of a genuine disbursement.