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MTD – getting it right first time

If you have yet to act, follow our guidance to avoid any last minute chaos. Businesses will be filing their last VAT return under the old filing system for their March 2019 month/quarter end. If they are not using any software, they must maintain digital records from...

HMRC fails to have its cake and eat it

HMRC loses £300k ‘chocolate brownie’ VAT case. In Pulsin’s Ltd  v HMRC (TC06909) (28 December 2018) the first-tier tribunal allowed the company’s appeal against HMRCʼs decision that zero-rating did not apply to its supplies of ‘raw choc brownies’. The tribunal was...

VAT on commercial property

An overview of key issues including ‘option to tax’. The sale or lease of a commercial property can be standard rated, zero rated, exempt or even outside the scope of VAT depending on its nature. Commercial properties can be used for various purposes such as: to use...

MTD for VAT – exemptions and deferrals

The starting line is only a few weeks away but do all of you need to be involved on 1 April? MTD for VAT seems to have been in the pipeline for a long time now and most businesses will be only too aware of the basic rules. From April 2019, most VAT-registered...

No deal Brexit – impact on VAT

HMRC sends letter outlining the impact of a no deal Brexit on VAT. You will have noticed that HMRC continues to urge VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. It has sent a letter to 145,000 VAT-registered...