Changes to VAT

All posts tagged Changes to VAT

NHS Bodies: Changes to VAT return submissions from April 2024 – Frequently Asked Questions

by Berthold Bauer on February 14, 2024

A worrying number of NHS Finance teams are either unaware, or unprepared for the upcoming changes to NHS bodies’ VAT return submissions, which take effect from 1 April 2024 – less than seven weeks’ time. 

Our article discusses HM Revenue & Customs’ (‘HMRC’) Statement of Practice (SoP) but below, Joe Watts – Head of NHS VAT Team at BBVAT answers some of the most frequent queries our team have received from impacted clients.

 

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Berthold BauerNHS Bodies: Changes to VAT return submissions from April 2024 – Frequently Asked Questions

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

HMRC announce further delay to the introduction of MTD for NHS Bodies

by Berthold Bauer on October 26, 2023

Welcome news as HM Revenue & Customs postpones the introduction of Making Tax Digital for VAT (‘MTD’) for NHS Bodies until April 2025

 

A recent announcement from HMRC has confirmed a delay to the introduction of MTD until at least April 2025 for bodies using the GIANT (Government Information and NHS Trusts) system to submit VAT returns.

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Berthold BauerHMRC announce further delay to the introduction of MTD for NHS Bodies

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

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

Salary Sacrifice Lease Cars – Interim HMRC Update

by Berthold Bauer on September 29, 2016

HMRC have not been able to finalise their review of salary sacrifice lease cars in the NHS to date, but have recognised the need to address the situation by issuing some interim guidance which should be implemented from the October return.

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Berthold BauerSalary Sacrifice Lease Cars – Interim HMRC Update

Reduced Rate on Energy Savings Materials

by Berthold Bauer on April 4, 2016

On 24th March, HMRC released a policy paper confirming that the Prime Minister has secured agreements with other officials at the March European Council to welcome increased flexibility for member states in relation to the zero and reduced rates of VAT. Whilst this was primarily related to the abolition of the ‘tampon tax’ – the increased flexibility could present an opportunity for the UK to reconsider other demands – like the ECJ ruling which suggested that the reduced rate on energy saving materials was in breach of EU laws.

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Berthold BauerReduced Rate on Energy Savings Materials

Budget 2016 – Key Points

by Berthold Bauer on March 17, 2016

Budget 2016

The budget announcements often have an impact on the NHS, so we aim to promptly summarise the main impact to your organisations.  This year – the key points are as follows:

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Berthold BauerBudget 2016 – Key Points

Proposed changes to VAT rules for e-commerce businesses

by Berthold Bauer on December 2, 2015

The VAT Mini One Stop Shop (MOSS), introduced in January of this year, currently affects only the supply of digital services to consumers in EU member states.  Prior to the introduction of this, there were often multiple registration obligations for UK businesses in other member states.  As mentioned, currently MOSS only applies to the supply of digital services, and there is in fact no minimum threshold in place.  Supplies of goods are subject to the distance selling rules, in which each member state sets a threshold; once this threshold is breached, the supplier will have an obligation to register locally in that country for VAT.  (Distance sales are sales of goods to customers in another EU member state where the customer is not VAT registered, and the seller is responsible for delivery of the goods.)

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Berthold BauerProposed changes to VAT rules for e-commerce businesses