Keyword: VAT
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A proposal to slash the VAT threshold scares many small businesses
28 May 2019One million small businesses face being brought into VAT if the government accepts VAT reform recommendations laid out by the Office of Tax Simplification (OTS). […]
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Autumn Budget – Tax Briefing
28 May 2019Diesel bad, electric goodish The benefit of having a company car is taxed as a percentage of the vehicle’s list price when new. For 2018-19 […]
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VAT, Making Tax Digital (MTD) and fraud
28 May 2019VAT Registration The UK’s VAT registration threshold is the highest in the EU at £85,000; some people argue that it holds back growth as businesses […]
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VAT risks associated with family trading
28 May 2019An interesting case highlights how VAT accounting can became confused when various closely linked but separate businesses trade from the same building, swap goods and […]
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VAT changes to HMRC’s view of zero-rated buildings
28 May 2019HMRC has changed its criteria for deciding whether construction services should be zero-rated. Below is an overview of the new rules. As with any complex […]
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Does the Option to Tax apply to a new building when the old one is d...
28 May 2019A question recently came up about the VAT on an industrial unit where the owner had lodged an ‘option to tax’ on the building and […]
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Making Tax Digital: possible penalties for VAT issues
28 May 2019AccountingWeb, an online resource for accountants, warns that the Making Tax Digital requirements will be ignored by taxpayers unless there are sanctions for anyone who […]
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Would you join a gym if the membership was VAT-free?
28 May 2019The BBC reported this week that the boss of Britain’s largest gym chain is calling for the government to remove VAT from gym memberships in […]
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Your VAT queries answered
28 May 2019Welcome to this quarter’s VAT blog highlighting some of the most common queries we’ve answered lately. It covers: Can my VAT returns be monthly rather […]
