Update on option to tax

Property VAT and option to tax can be a challenging area. VAT reform is never out of the news and many areas are highlighted as needing simplification. The current complexities and solutions to the most common challenges faced by businesses and advisers on property...

VAT special schemes

Businesses could benefit from considering these special schemes. As the Making Tax Digital (MTD) for VAT April 2019 date looms large (coupled with delays to HMRC’s digital projects) it is worthwhile looking at VAT special schemes. A number of special schemes are...

MTD for VAT is coming

Since mainstream Making Tax Digital (MTD) was delayed, time has passed quickly and many businesses thoughts have passed to more pleasant things like tax returns and GDPR! But MTD is back on the horizon and it will impact on VAT shortly. What changes does MTD for VAT...

Option to tax and recovery of input tax

HMRC dispels some common myths. The option to tax and its effects has always been a very complicated subject. As property is usually valuable, an error or a misunderstanding can be costly. The legislation How the option to tax works is specified in VAT Act 1994,...
Whitefield Tax - Isle of Wight Accountants - IR35 specialists
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