Berthold Bauer

5% VAT scrapped on Energy Saving Materials

by Berthold Bauer on March 23, 2022

The Chancellor today [23 March 2022] announced extending the Zero Rate of VAT to Energy Saving Materials, clearly in response to the soaring price of fuel and energy but to a degree permitted by the departure of the United Kingdom from the EU (European laws restricted where, and to what, Member States could apply lower rates). 

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Berthold Bauer5% VAT scrapped on Energy Saving Materials

Making Tax Digital (MTD) – GIANT

by Berthold Bauer on July 26, 2021

HMRC have announced a further extension to the deferral period for users of the GIANT system (Government Information and NHS Trusts) to be required to join Making Tax Digital (MTD).

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Berthold BauerMaking Tax Digital (MTD) – GIANT

HMRC update COS Heading 14 (computer services)

by Berthold Bauer on May 4, 2021

The re-wording of COS Heading 14 (computer services) has been on the horizon since June 2017 when the latest HMRC Guidance was released. HMRC have now provided an update on much anticipated re-wording on VATGPB9700 (the HMRC internal manual) that begins by explaining that once again a) and b) remain unchanged:

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Berthold BauerHMRC update COS Heading 14 (computer services)

2021 Budget Announcement

by Berthold Bauer on March 3, 2021

The Chancellor has today announced the 2021 Budget and there is one particular announcement that will affect many of our NHS Clients and one other included for completeness.

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Berthold Bauer2021 Budget Announcement

COS headings update

by Berthold Bauer on March 1, 2021

HMRC have recently published updated guidance for some Contracted Out Service headings. Most of the changes are either minor clarifications or amendments to the heading titles. The current published guidance for all Contracted Out Services can be accessed here.

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Berthold BauerCOS headings update

Construction Reverse Charge process starts on Monday [March 1st]

by Berthold Bauer on February 25, 2021

After a number of postponements, it is here. The new Reverse Charge for Construction Services will take effect from 1 March 2021.  If you have not already put processes in place, it is not too late to do so, and in the main the HMRC guidance is clear and well written https://www.gov.uk/guidance/vat-reverse-charge-technical-guide

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Berthold BauerConstruction Reverse Charge process starts on Monday [March 1st]