News

In a recent decision of the First Tier Tribunal (Tax) HMRC challenged the VAT treatment of searches undertaken by Solicitors on behalf of their clients.

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We receive many calls on our helpline from property developers and their advisors seeking clarification of the VAT liability of construction or conversion costs, and advice in relation to the issue of VAT recovery in respect of the costs in question.

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The six Member States of the Gulf Cooperation Council, the United Arab Emirates and Saudi Arabia continue to lead the way towards the implementation of VAT, which is scheduled to be in place for 1 January 2018.

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We are well aware that professional accountants and in house accounting staff at businesses, charities and other organisations need to maintain their professional development and ensure their VAT knowledge is up to date, but doing so can be difficult…

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We are asked repeatedly what the VAT position will be post the UK existing the EU.

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