The VAT reverse charge for building and construction services will have a huge impact on the sector. Clara Boyd explains why and how. A VAT ‘reverse charge’, to be introduced in the UK for building and construction services, is designed…
Category: VAT
Brexit & Vat: What needs to be done
When it comes to Brexit it’s not the eleventh hour – it’s 10 seconds to midnight. Melanie Lord outlines some of the areas you must pay attention to – and now! With so little of 2020 left we have to…
Remember Brexit? Vat will change dramatically
Brexit is almost upon us, so now is the time to familiarise yourself with the changing VAT rules, says Melanie Lord. It’s easy to forget that we still have Brexit to deal with. The VAT rules are changing for any…
Online Trade and Brexit Pose Serious Vat Implications
Remember Brexit? Covid-19 has massively overshadowed the EU’s exiting the EU, but online traders have no time to waste, says Melanie Lord. Given that we have all seen pretty much everything change almost overnight, it is hardly surprising that everyone…
VAT Exemption: Proceed with caution
Melanie Lord explains why the VAT exemption really isn’t as good as it might sound. So my client says: “We are really lucky, a lot of our sales are exempt.” My heart sinks as I say: “But making exempt supplies…
VAT DRC Q&A for when it comes back next year
Melanie Lord was the guest for a ‘Tony Talks’ ICPA webinar on the Domestic Reverse Charge. Here are some questions accountants asked Melanie and ICPA CEO, Tony Margaritelli First off, Melanie explained the services that are included in the reverse…
This is Vat not M&S Vat
I just felt I had to report a case before the tribunal brought by Marks & Spencer. The case revolved around an M&S offer of “dine in for two for £10 with free wine”. Yep, the advert looked great, you…
C Minus for the Vat Helpline and as for the Digital Agenda well…
I had to smile when I read recently about the travails suffered by Neil Warren the Vat well know VAT Consultant and award-winning writer on tax when he tested the HMRC Vat Helpline for a short article in Taxation Magazine…
VAT Update – Domestic Reverse Charge
My opening comments on our webinar on the Domestic reverse Charge for VAT, which I hosted along with Melanie Lord of AVS VAT on 25 June, were that HMRC should have produced much more information much sooner. As the webinar progressed it was…
MTD for VAT Key Dates are Approaching
As a business managing your own VAT returns under the Making Tax Digital rules that came into effect this year, it is important to note that some important dates are coming up. Registering for MTD for VAT You can register…