VAT Legislation

All posts tagged VAT Legislation

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:

Berthold BauerBudget 2016 – Key Points

Autumn Statement – Key Points

by Berthold Bauer on November 25, 2015

Autumn Statement – Key Points

The Chancellor has just finished his autumn statement announcement, and whilst there are no direct changes to the VAT legislation or recovery rules, there were some announcements that will of course be relevant to our current and prospective clients:

VAT Generally

  • A petition was started to lower the rate on sanitary products in the UK.  The Government already charge the lowest rate allowable for sanitary products (reduced rate – the EU prevent us from adding any more supplies to our ‘zero’ rate) but to compensate, the government will be donating £15 million of VAT collected on sanitary products to women’s health charities.
  • HMRC are making efficiencies equating to 18%.  They are restructuring and centralising their offices, and moving to a digital approach.  By the end of the decade, all taxpayers will have their own online account.
Berthold BauerAutumn Statement – Key Points