The HFMA have recently released minutes of their September VAT Technical Sub-Committee meeting. Please find below a summary of the more interesting points:
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All posts tagged VAT
General Healthcare Group Ltd – Prostheses part of Exempt Healthcare supply
by Berthold Bauer on October 24, 2016Background
The case concerned a company that made supplies of medical care and prostheses to patients in hospitals. The company contended that it made separate supplies of exempt healthcare and zero rated prostheses and therefore could claim input VAT on the purchase of the prostheses.
READ MORESalary Sacrifice Lease Cars – Interim HMRC Update
by Berthold Bauer on September 29, 2016HMRC 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.
READ MOREReduced Rate on Energy Savings Materials
by Berthold Bauer on April 4, 2016On 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.
READ MOREBudget 2016 – Key Points
by Berthold Bauer on March 17, 2016Budget 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:
READ MOREReverse Charge for Wholesale Electronic Communications Services
by Berthold Bauer on January 13, 2016Normally, as a result of the first section in the VAT Act 1994 – a supplier is liable for accounting for VAT on the supplies of goods or services he makes. However – in certain cases, the customer is responsible for charging themselves VAT on a supply they have received (as outlined in an order made by the Treasury). This is effectively an anti–fraud measure which reduces the opportunity for fraudsters to charge VAT and then ‘disappear’ before paying it over to HMRC (referred to as Missing Trader Intra-Community Fraud – MTIC).
VAT MOSS Simplifications for Small Businesses
by Berthold Bauer on January 13, 2016HMRC have recognised the difficulties small businesses making supplies of digital services to consumers in other EU member states, and have introduced some simplifications to assist. Firstly – businesses which are below the UK VAT registration threshold will now be allowed to rely on any single piece of information (for example, the address provided but the customer) to determine the location of their customer. This differs from the normal rule – which is that a business must collect two pieces of non-contradictory information to evidence their customer’s location.
HFMA VAT Technical Sub-Committee Minutes – September 2015
by Berthold Bauer on December 8, 2015HFMA have released minutes from their September VAT Technical Sub-Committee meeting. Please find below a summary of the key points.
Contracted Out Services Guidance
The minutes confirmed that the latest HMRC guidance was released on 12 October 2015, and HMRC stated in the meeting that telephony (including VOIP) is not included within Heading 14: Computer Services.
READ MOREAUTUMN BUDGET VAT REFUNDS FOR HOSPICES AND RESCUE CHARITIES
by Berthold Bauer on December 9, 2014George Osborne has announced in his Autumn budget statement a refund of VAT for Hospices, Search and Rescue Charities and Air Ambulance Charities from April 2015.
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