HMRC

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:

READ MORE
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.

READ MORE
Berthold BauerCOS headings update

Construction Reverse Charge process starts on Monday [March 1st]

by Berthold Bauer on February 25, 2021

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

READ MORE
Berthold BauerConstruction Reverse Charge process starts on Monday [March 1st]

A win for NHS Lease Cars

by Berthold Bauer on October 30, 2020

HMRC 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 MORE
Berthold BauerA win for NHS Lease Cars

Liquidated Damages: retrospective VAT treatment & corrections

by Berthold Bauer on September 8, 2020

Following 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 MORE
Berthold BauerLiquidated Damages: retrospective VAT treatment & corrections

Extension to Import and VAT relief

by Berthold Bauer on July 28, 2020

HMRC 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 MORE
Berthold BauerExtension to Import and VAT relief

HMRC will mandate MTD for all businesses from 1st April 2022

by Berthold Bauer on July 21, 2020

HMRC 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 MORE
Berthold BauerHMRC will mandate MTD for all businesses from 1st April 2022