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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NHS Domestic Reverse Charge in Construction
by Berthold Bauer on February 23, 2021From the 01 March 2021 HMRC’s domestic VAT reverse charge comes into force for most standard-rated (20%) and reduced-rated (5%) building and construction services.
READ MORE0% VAT on Women’s Sanitary Products
by Berthold Bauer on January 6, 2021HMRC 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.
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 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 MORERumour Mill Friday – UK VAT Rate Cut
by Berthold Bauer on June 19, 2020Following 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?
READ MOREFast Track of Zero-Rating on Electronic Books
by Berthold Bauer on April 30, 2020HMRC did announce in the most recent budget plans to zero rate e-books and e-newspapers in time for the festive season (1 December 2020)
READ MORENHS COS deadline extension
by Berthold Bauer on April 7, 2020HMRC have written to us today to confirm that the NHS will be granted an extension to VAT recovery for VAT incurred in the 2019-20 financial year.
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