Government

Spring Budget 2024: VAT & SDLT Updates

by Berthold Bauer on March 6, 2024

The Budget focused heavily on boosting growth for SMEs, productivity funding across the public sector and rate changes in various credits and personal taxes, which left little room for VAT & SDLT announcements. However, we have cut through these for you and summarised those specific to VAT & SDLT below.

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Berthold BauerSpring Budget 2024: VAT & SDLT Updates

Autumn Statement 2023: VAT and Property Announcements

by Berthold Bauer on November 24, 2023

The 2023 Autumn Statement confirmed a number of the rumored personal and business tax changes, but announcements in the Indirect Tax sphere were limited.  Our team highlight some of the main property related changes and how these will impact our clients.

Property Related Changes

The Autumn Statement was a relatively sleepy affair, with few high-profile announcements for the property sector.

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Berthold BauerAutumn Statement 2023: VAT and Property Announcements

Plans afoot to remove valuable VAT exemptions for fee paying schools – are you ready?

by Berthold Bauer on October 26, 2023

With the 2024 Election looming and pundits appearing to forecast a landslide Labour win, the stated intention to add VAT onto private school fees is now something that Bursars and Governors should be taking very seriously.

 

With the fear of driving parents back into the state sector at the forefront of your minds, just adding 20% on top of term charges will not be a realistic option for most.

Berthold Bauer have a team of VAT experts with experience of providing VAT advice and support to schools, including independent fee paying schools, and can guide you through this uncertainty.

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Berthold BauerPlans afoot to remove valuable VAT exemptions for fee paying schools – are you ready?

Spring Budget: VAT for the Healthcare and Medicine Sector

by Berthold Bauer on March 17, 2023

On Wednesday 15th March 2023, the Spring Budget was delivered by Jeremy Hunt, Chancellor of the Exchequer. The Budget covered a number of measures however, we have covered a couple of key VAT updates specific to the NHS and broader healthcare sector below.

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Berthold BauerSpring Budget: VAT for the Healthcare and Medicine Sector

Spring Budget: VAT for the Building and Property Sector

by Berthold Bauer on March 17, 2023

On Wednesday 15th March 2023, the Spring Budget was delivered by Jeremy Hunt, Chancellor of the Exchequer. The Budget covered a number of measures which you can find here. We have covered a couple of key VAT updates specific to the buildings and property sector below.

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Berthold BauerSpring Budget: VAT for the Building and Property Sector

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

VAT and the Public Sector: Reform to VAT Refund Rules

by Berthold Bauer on September 1, 2020

For 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.

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Berthold BauerVAT and the Public Sector: Reform to VAT Refund Rules