May 2016 Newsletter

Welcome to VAT Exchange Forums Forums Latest VAT Developments May 2016 Newsletter

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    Marie Stein

    Another busy month and a few important things from HMRC.

    Conversions into dwellings under new “Permitted Development Rights” (“DLR”) rules

    Important news for DIY house converters and property developers

    HMRC has confirmed new guidance about the zero-rated sales of non-residential conversions and VAT DIY claims where the building work is under the new DLR rules instead of the usual statutory planning rules. In principle, they will accept that DLR consents satisfy the statutory planning consent requirements as long as certain documentation is provided. See HMRC Business Brief 9/16 for more information.

    Revised guidance on VAT Flat Rate Scheme

    HMRC has revised VAT Notice 733: VAT Flat Rate Scheme. There aren’t any changes to the actual rules, but it has been rewritten to make it more “readable” (their words, not mine!) but also to clarify guidance on certain issues, such as the category that applies to certain businesses. If you’ve been uncertain about any Flat Rate Scheme issues, check out the revised notice to see if it helps HMRC

    Important technical reminder: can you claim overcharged VAT?

    I’m regularly asked if you can claim overcharged VAT, for example if a supplier charges 20% VAT when the goods or services are zero-rated. The answer is

    NO, you can’t claim ANY of the VAT

    even if the supplier has paid all of the VAT to HMRC. You MUST ask your supplier to issue a credit note for the original supply and issue an amended invoice showing VAT at the correct rate.

    Non-profit membership sports clubs and VAT claims

    HMRC has issued Business Brief 10/16 which confirms that they will pay up to 90% of claims previously disallowed under the unjust enrichment rules, following a ruling by the First Tier Tribunal. Check it out if you or your clients could benefit.

    And finally – I’m on Amazon!!

    I’m excited to tell you that my ebook “VATWoman’s Guide to VAT and residential property development” is now available on Amazon: as well as our website, vatexchange Either way, please leave a review on Amazon – these reviews really do help people to decide whether or not to buy so are very important to authors.

    In the meantime, a belated congratulations to Leicester City! Brilliant result for the club and the city!


    18 May 2016

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