VAT Blog

On 1 April, HMRC have issued Business Brief 19/09 and Information Sheet 04/09 published in March which contain details about changes to the VAT partial exemption standard method. On 1, 2 and 3 April, HMRC issued further guidance about the new appeals system, the new...

I've had a couple of conversations with people recently who have received incorrect rulings from their HMRC on VAT issues. I know how frustrating it can be when you are trying to do things correctly only to get an incorrect ruling. I am always the first person to...

Those of us in the tax and accountancy world are already aware of the changes which come into effect on 1 April this year. They are the new compliance regime and the new penalty regime which will apply to all taxes administered by HMRC. I will be commenting in more...

Since getting out and about recently and doing my networking, it has become quite clear to me that most people don't know what a VAT consultant does. When I tell people I'm a VAT consultant, their usual reply is "oh well my accountant does my VAT for me". And I'm sure...

I’ve had a number of queries recently from clients and vatexchange visitors asking for advice about recovering VAT on property purchases, particularly when the property has been acquired by someone other than the VAT registered business. Because the law on VAT and...

The ECJ has recently ruled in favour of HMRC in the Wetherspoon “roundings” case. The case concerned whether or not retailers could “round down” to the nearest penny the amount of VAT it paid on each item. HMRC believed that Wetherspoons should follow the practice set...

Q Hi Marie I'm sure this is an easy one for you, I just wanted to confirm that VAT bad debt relief for supplies at 17.5% is calculated as 7/47 of the amount owing but when the supply is at 15% it would be 3/23? B Yes AS, you are correct, you apply the “VAT fraction”...

I was recently looking at the revised VAT Notice 742a Opting to Tax Land and Property and thought it would be useful to do a short series of articles explaining the background to the changes to the rules that were introduced last year and summarising the main changes....