HMRC

Autumn Statement 2023: General Indirect Tax Announcements

by Berthold Bauer on November 24, 2023

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

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Berthold BauerAutumn Statement 2023: General Indirect Tax Announcements

NHS bodies ‘Statement of Practice’ for Partial Exemption

by Berthold Bauer on October 26, 2023

HM Revenue & Customs announce changes to Partial Exemption submissions by NHS Bodies from 1 April 2024 – Is your Trust compliant?

On Monday 9th October 2023, HMRC issued a document titled, “Partial Exemption – NHS Statement of Practice” (SoP), which is applicable to all NHS bodies and in this article we outline the key points, main considerations and actions required in order to remain compliant.

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Berthold BauerNHS bodies ‘Statement of Practice’ for Partial Exemption

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)

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