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. 

Berthold BauerCOVID-19 VAT Payments deferred

Construction VAT Update: ‘Demolition by stealth’

by Berthold Bauer on May 10, 2017

It is common for new builds to either begin life as extensions / partial build – either becoming full demolition by a gradual erosion of the planning process or due to unforeseen structural weaknesses. Zero rating for new builds hinges on the Demolition Test, a key aspect of the test being that planning consent is in place for the full demolition of any existing structures.

Berthold BauerConstruction VAT Update: ‘Demolition by stealth’

SBS Tax Point Accounting

by Berthold Bauer on January 25, 2016

On 29 July 2015, HMRC confirmed in a letter to all NHS Trusts that the normal ‘tax point’ rules should be applied from 1 April 2016 at the latest.  This extension was provided to recognise the challenges Trusts may face in changing accounting systems and processes where previously VAT accounting was based on payment dates.  Normally, the tax point of a supply is the invoice date.

Berthold BauerSBS Tax Point Accounting

HMRC Helpline waiting times investigated by The One Show

by Berthold Bauer on December 18, 2015

The One Show 17th December 2015 again highlighted time taken by HMRC to respond to queries. This followed an admission from Linda Homer, Chief Executive of HMRC, in October that response times were poor and that only half of telephone enquires made between April & June were answered.

Alternative suggestions to use e-mail & Twitter were found by The One Show to be equally ineffective, and a potential barrier to those not familiar with digital media; notably the elderly and potentially poorer tax credit applicants. A Tweet submitted during The One Show, remained unanswered 30 minutes later at the close of broadcasting.

Berthold BauerHMRC Helpline waiting times investigated by The One Show