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After a long wait, HMRC has finalised its guidance on the VAT treatment of contract termination payments in R&C Brief 2 (2022). The...
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Her Majesty’s Revenue and Customs (HMRC) maintained that no additional UK value added tax (VAT) would be payable by owners of pleasure...
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The case of Balhousie Holdings Ltd v HMRC concerned the zero-rated supply of a newly constructed care home. The key issue was whether the...
As the dust settles on Brexit, businesses will need to brace themselves for another wave of change on the VAT front – the implementation...
As many businesses now face another phase of closures, we are seeing borrowers and lenders reconsidering and restructuring their finance...
The European Union (Withdrawal Agreement) Bill received royal assent on Friday 24 January 2020 and yesterday the European Parliament...
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In the recent case of Melford Capital General Partner Ltd, a UK private equity fund was found by the First-tier Tribunal (FTT) to be...
The domestic reverse charge (DRC) for construction services is no longer coming into force on 1 October 2019 but will be deferred for a...
A key takeaway from the Base Erosion and Profit Shifting (BEPS) Action Plan was the challenge of taxing a global economy in the throes of...
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It depends why you are asking. For VAT purposes, transactions in cryptocurrencies are treated as VAT exempt, essentially on the grounds...
There was relatively little mention of VAT in the Budget but there were some potentially significant announcements regarding perceived...
HMRC have issued draft changes to the Specified Supplies Order, which enables suppliers of VAT exempt financial services to recover VAT...
VAT, at its core, derives from EU law. Inevitably, specific changes would need to be made to the UK’s VAT rules in the event of a “no...
The debate on Brexit tax issues has not progressed much further than customs duties. Until the question of whether the UK wants to be in...
One post-Brexit tax issue that has been in the headlines this last week is the possible imposition of import VAT on EU imports. The...