Crossing the VAT Rubicon

28 days and counting! There are now just 28 days and only two full working weeks until the most significant rise in UK VAT history. And only one week if you’re one of those businesses who closes up shop before Christmas Eve. That’s not a lot of working days to make...

Twelve Important VAT Rate Change Facts

1. The important date is 4 January 2011! 2. The new VAT fraction will be 1/6. 3. Check out the new VAT rates for businesses using the Flat Rate Scheme. 4. Take advantage of the change of rate supply rules for supplies spanning the rate change. 5. Consider pre-payments...

OMBs and Property Purchases

I regularly receive queries about owner managed businesses and property purchases. They cover a wide range of situations but generally cover two main subjects.  The first is whether the VAT on the purchase and other costs can be recovered; and second whether the VAT...

So when is an advert not an advert?

So when is an advert not an advert? VAT and online introductory services.  A recent technical development is that HMRC has accepted the decision of the Court of Appeal in Insurancewide/Trader Media Group that certain “clickthru” insurance introductory services are...

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