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A quick reverse on the Reverse Charge for Supplies of Construction and Building Services

The reverse charge for construction and building services that was announced in the 2018 budget and due to come into force on 1 October 2019 has been delayed until 1 October 2020. This is a surprise move by HMRC as it came so late in the day, but it is to be welcomed given that many businesses are already struggling to cope with the potential impact of Brexit and MTD.

Input VAT Recovery - Mixed Supplies

HMRC have issued new guidance for businesses who supply goods by way of hire purchase agreement, specifically relating to the deduction of input VAT related to such supplies.

Imports of Dental Prostheses

As announced as part of the Autumn Budget, and further detailed in Revenue & Customs Brief 14, there has been a change in how to account for VAT on the import of dental prostheses.

Input Tax Recovery - Intending Trader

The VAT recovery position of intending traders has formed the basis of several court decisions in recent times, and this was again addressed in the case of Hedge Fund Investment Management Ltd (“HFIML”), heard by the First-Tier Tribunal. HMRC had raised an assessment in relation to input tax recovered by the business, on the basis that there was no link to any taxable economic activity. Furthermore, a penalty assessment was raised in relation to the recovery of this input tax for careless behaviour.

Spring Budget 2022: Energy saving Materials

As announced in the Chancellor’s spring statement, effective from 1st April 2022 the VAT liability of certain energy saving materials will be cut from the previously applicable rate of 5% to the zero-rate – supplies covered by this change will revert to the reduced rate as of 1st April 2027.

When Can I Recover Input VAT on a Building Project?

When it comes to land and property, VAT is a complex issue which gives rise to many interesting cases. One such case arose when DM & DD MacPherson appealed to the First-Tier Tribunal with regards to input VAT recovery on.....

Time and Cost Saving VAT Training

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,.....

Supplies outside the Scope of UK VAT & VAT Recovery

Vehicle Control Services Ltd appealed against the First-Tier Tribunals decision, which stated that it is necessary to apportion input VAT on general overheads when supplies that are outside the scope of UK VAT are made w.....

News

News

A quick reverse on the Reverse Charge for Supplies of Construction and Building Services

Input VAT Recovery - Mixed Supplies

Imports of Dental Prostheses

Input Tax Recovery - Intending Trader

Spring Budget 2022: Energy saving Materials

When Can I Recover Input VAT on a Building Project?

Time and Cost Saving VAT Training

Supplies outside the Scope of UK VAT & VAT Recovery

Rob McCann

Steve Howard

Tamara Habberley

Jack Ray-Atkins

David Miller