Merry Christmas
All the team at The VAT People and our sister business The Customs People wish o…
All the team at The VAT People and our sister business The Customs People wish our client’s and contacts a very Merry Christmas and a Happy New Year.
News
Change in accounting for VAT on advance payments where no supply occurs
The VAT treatment of payments retained by businesses for supplies of goods and services that are not actually made to the customer is changing with effect from 1 March 2019. This will impact, amongst other areas, on sectors such as hotels where “no s…
HMRC climb down on rejected VAT Claims for Non EC businesses
Under certain circumstances, non EC based businesses are entitled to recover VAT that they incur in the UK. However, HMRC rejected a number of valid claims for VAT refunds earlier this year due to an unannounced policy change. Following lobbying HMRC…
On-line selling
We are receiving a large number of calls on our helpline from businesses and their advisors who sell products on on-line platforms.
VAT Recovery on Business Entertainment
Input VAT incurred on the entertainment of employees, for example the provision of food, drink, accommodation or theatre/concert tickets, is wholly recoverable if provided for the sole benefit of the businesses employees. This assumes that the emplo…