Government

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

Rumour Mill Friday – UK VAT Rate Cut

by Berthold Bauer on June 19, 2020

Following Germany’s decision to reduce VAT from 19% to 16% in order to boost consumer spending and Rishi Sunak’s contemplation of a similar action here in the UK, what are the chances and the pundit’s opinions?

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Berthold BauerRumour Mill Friday – UK VAT Rate Cut

VAT deferral

by Berthold Bauer on March 24, 2020

The PM announced on Friday a VAT deferral to support UK businesses in this unprecedented time.  The deferral will hopefully help many businesses to stay afloat during this difficult period, but it is worth reminding all businesses that this will not abolish any VAT due, it will simply defer the date it is due for payment and exists to help those in financial difficulty or hardship.  To summarise how this deferral will work in practice:

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Berthold BauerVAT deferral

COVID-19 VAT Payments deferred

by Berthold Bauer on March 24, 2020

VAT Payments deferred for three months

HMRC have just announced that for any Return falling within the window 20 March to 30 June, payment can be deferred until the year-end. 

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Berthold BauerCOVID-19 VAT Payments deferred

Budget 2020

by Berthold Bauer on March 11, 2020

The 2020 Budget did have some announcements which will affect many of our NHS Clients.  Firstly, the NHS as a whole will be set to receive £6 billion of additional funding across the course of this parliament, and in addition, to support the recent outbreak of coronavirus, an emergency fund of £5 billion is being set-up.  The Chancellor gave assurances that the NHS would get whatever resource it needs at this crucial time – a welcome announcement.

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Berthold BauerBudget 2020

Autumn Budget 2018

by Berthold Bauer on October 30, 2018

The Chancellor yesterday afternoon announced the 2018 Autumn Budget, below provides a brief overview of the relevant NHS and VAT related statements:

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Berthold BauerAutumn Budget 2018

VAT with no-deal on Brexit

by Berthold Bauer on August 28, 2018

Last week HMRC announced their plans for VAT if the UK ends up leaving the EU in March 2019 without a deal. They have emphasised that the government is confident a deal will be reached, but they are introducing contingency plans as a precautionary measure.

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Berthold BauerVAT with no-deal on Brexit

Spring Budget 2017

by Berthold Bauer on March 9, 2017

Unfortunately the Chancellor did not announce any new VAT reliefs or incentives today in his budget; but there were a few relevant announcements:

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Berthold BauerSpring Budget 2017

Autumn Statement Update

by Berthold Bauer on November 23, 2016

The update today has announced very little in the way of VAT changes. They reinforced their attitude towards tax avoidance by confirming that a new penalty regime will be introduced for those involved. They also commented that they were specifically focusing on shutting down inappropriate use of the flat rate scheme.

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Berthold BauerAutumn Statement Update