HMRC have announced that VAT charged on Women’s sanitary products (WSP) has been reduced from the previous 5% charge to 0% from 1st January 2021.
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New Contracted-Out-Services Headings
by Berthold Bauer on November 5, 2020Whilst we eagerly await the outcome of the HM Treasury’s ‘VAT and the Public Sector: Reform to VAT Refund Rules’ paper and consultation, (in which a full-VAT refund model is to be explored) a new Treasury Directive has been released expanding the current Contracted-Out-Services (COS) direction
READ MOREA win for NHS Lease Cars
by Berthold Bauer on October 30, 2020HMRC have now officially accepted the decision of the Court of Appeal in the HMRC v Northumbria Healthcare NHS Foundation Trust case concerning VAT on Salary Sacrifice Lease Cars (SSLS).
READ MORELiquidated Damages: retrospective VAT treatment & corrections
by Berthold Bauer on September 8, 2020Following EU Tribunal Cases (VAT being a European Tax and largely unaffected by Brexit); HMRC have changed their stance on many forms of compensation payment – and with particular regard to the Construction Industry – how Liquidated Damages are treated.
READ MOREVAT and the Public Sector: Reform to VAT Refund Rules
by Berthold Bauer on September 1, 2020For a number of years HM Treasury have been considering potential reforms to the Contracted-Out-Services – numbered 1 through to 76 – which you will be familiar with from our reports. As a quick recap these rules [Section 41 VATA94] are the mechanism with which NHS and Government Departments (GD) reclaims VAT on certain outsourced services.
READ MOREExtension to Import and VAT relief
by Berthold Bauer on July 28, 2020HMRC announced on Friday that the period for which relevant medical supplies, equipment and protective garments brought into the UK free of import duty and VAT has been extended for three months.
READ MOREHMRC will mandate MTD for all businesses from 1st April 2022
by Berthold Bauer on July 21, 2020HMRC have updated their guidance today to confirm that all businesses, regardless of annual turnover, will be required to register for Making Tax Digital as of 1st April 2022. This will extend to any businesses which have registered voluntarily for VAT.
READ MOREVAT on NHS Salary Sacrifice Lease Cars: Court of Appeal rule in favour of the NHS
by Berthold Bauer on July 14, 2020Another bit of good news for the NHS – the Court of Appeal has recently supported the Upper Tribunal’s previous decision that lease cars provided under a salary sacrifice are not a supply for VAT purposes (as a result of the ‘de-supply’ order – “Value Added Tax (Treatment of Transactions) Order 1992 SI 1992/630”).
READ MOREHospitality & Tourism Sector VAT Reduction
by Berthold Bauer on July 8, 2020The Chancellor has today announced that the Hospitality and Tourism sectors will benefit from a substantial reduction of the standard rate of VAT from 20% to 5% for a period of six months (Wednesday 15 July 2020 through to Tuesday 12 January 2021).
READ MOREVAT Rate reduction – your questions answered
by Berthold Bauer on July 8, 2020How will traders be affected by the announcement that a new rate of 5% VAT is to be applied to the hospitality industry on Wednesday the 15 July 2020?
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