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TOMS Applied to Serviced Accommodation

The Tour Operators Margin Scheme (‘TOMS’) applies to businesses that buy in and re-sell travel services, including but not limited to accommodation and passenger transport). This compulsory scheme was introduced as a means to simplify VAT accounting with respect to the onward supply of qualifying travel services by allowing the tour operator to account for VAT on the profit margin of the onward supply in their place of establishment, as opposed to registering for VAT in each EU country where the services and goods are enjoyed.

VAT and Property developers

We are continuing to receive a number of calls on our helpline from property developers and their advisors seeking clarification of the VAT liability of construction or conversion costs, and requesting advice in relation to the recovery of VAT on costs relating to property development schemes

Time to Pay Arrangements

Starting 3rd August 2015, any taxpayer that has agreed payment of a debt to HMRC in monthly instalments will be required to make these payments by Direct Debit. HMRC only permit the payment of debts of this nature to be .....

VAT Advice For Opticians - Ensuring You’re Up To Date With The Rules

In October last year, HMRC announced that it would be implementing simpler processes to be used by opticians and dispensers of hearing aids to account for VAT on their supplies. Tamara Habberley, Senior VAT Consultant at The VAT People, runs through everything you need to know about last year’s VAT changes.

The Difficulty of VAT Registration for Non-UK Construction Firms

A recent First-tier Tribunal decision highlights how easy it can be to become involved in an expensive dispute with HMRC relating to the VAT treatment of supplies of services and the impact of applying for the wrong type.....

Time Limits for VAT Repayment Claims

A four year limitation period applies when it comes to taxable persons submitting a claim for the repayment of overpaid VAT. This limit was addressed in a case where the Appellant, The Holloways, a band & partnership for.....

Exciting VAT Savings Opportunity for Serviced Accommodation Providers

This is a great opportunity for the sector as the possible use of the VAT tour operator’s margin scheme (“TOMS”) to account for VAT on the provision of short-term stays in serviced apartments has been the subject of much debate.

VAT liability of E-Publications

During the most recent Budget, it was announced that VAT applied to certain e-publications was to be scrapped, with supplies of qualifying items to be liable to the zero rate of VAT from 1st December 2020 to reflect the VAT treatment of their physical counterparts. HMRC have announced that this change has been brought forward and is now effective from 1st May 2020. Up to this date, supplies of e-publications are liable to the standard rate of VAT.

News

News

TOMS Applied to Serviced Accommodation

VAT and Property developers

Time to Pay Arrangements

VAT Advice For Opticians - Ensuring You’re Up To Date With The Rules

The Difficulty of VAT Registration for Non-UK Construction Firms

Time Limits for VAT Repayment Claims

Exciting VAT Savings Opportunity for Serviced Accommodation Providers

VAT liability of E-Publications

Rob McCann

Steve Howard

Tamara Habberley

Jack Ray-Atkins

David Miller

TOMS Applied to Serviced Accommodation

VAT and Property developers

Time to Pay Arrangements

VAT Advice For Opticians - Ensuring You’re Up To Date With The Rules

The Difficulty of VAT Registration for Non-UK Construction Firms

Time Limits for VAT Repayment Claims

Exciting VAT Savings Opportunity for Serviced Accommodation Providers

VAT liability of E-Publications