VAT domestic reverse charge for builders until 2021
HMRC has announced a further 5 month delay to the introduction of the VAT domestic reverse charge for building and construction services.
VAT payment deferrals
Businesses must cancel their VAT Direct Debits for the deferral period to 30 June, otherwise HMRC will continue to take the payment.
Temporary VAT zero rating of personal protective equipment
From Friday 1 May, there is a 3 month temporary VAT zero rating on personal protective equipment (PPE).
Budget 2020: predictions on Rishi Sunak’s tax announcements
What will the Chancellor announce in the Budget 2020? We have put together some key tax areas Rishi Sunak may focus on.
Claim a VAT refund if you build a home – don’t leave it too late!
If you are building a new home or converting a non-residential building (such as a barn) into a home, you may be able to reclaim VAT on materials used under the ‘DIY Scheme’. The value of claims under this scheme can be significant. When do I need to submit my VAT...Brownies are cakes and subject to zero-rated VAT in a recent case
Negotiating the VAT rules is a complex business. One recent tax tribunal case saw discussions about whether a chocolate brownie is classed as a cake or confectionery for VAT purposes.