VAT

Tax / HMRC consults on 20% VAT on non-EU mobile roaming charges

HMRC has opened a four-week consultation on plans announced at Budget 2017 to charge UK VAT on all telecommunication services, particularly mobile phone calls and internet browsing, used outside the EU by UK consumers

Tax / HMRC not doing enough to tackle £1.5bn online VAT losses

HMRC’s understanding of the amount of tax lost to online VAT fraud and error, which it says may be up to £1.5bn annually, and its efforts to tackle the problem, have been criticised by the National Audit Office (NAO) as lacking sufficient detail or urgency

Tax / Potential traps to avoid in your VAT return - part 2

In part two of our series on VAT compliance, The Tax Guys managing partner Jonathan Amponsah outlines five potential pitfalls to avoid in making VAT returns from overseas transactions to whether to claim VAT on business entertainment

Tax / OECD sets out plans for first OECD Act on VAT

The OECD has set out plans to issue an official VAT and general sales tax act, incorporated into OECD guidance to help harmonise global compliance and collection to improve levels of VAT and general sales tax collection, and reduce evasion

Tax / Potential traps to avoid in your VAT return - part 1

In part one of a two-part series, The Tax Guys founder and managing partner Jonathan Amponsah outlines seven common errors to avoid in making VAT returns, from incorrectly claimng VAT on private usage of motor vehicles and fuel, to VAT charges for non-standard business transactions 

Tax / Nunn: VAT flat rate causing confusion

Yvette Nunn CTA unpicks the fine print and potential pitfalls in the revised rules for the reduced VAT flat rate scheme

Tax / Lycamobile in £26m VAT dispute with HMRC

KPMG auditors were ‘unable’ to form an opinion on the accounts of international phone call business Lycamobile UK, while it is also facing a £26m VAT dispute with HMRC, latest filings with Companies House show

Tax / HMRC brings in £3.3bn with focus on VAT under-payment

HMRC has raised an additional £3.3bn in the last year through inquiries into the under-payment of VAT by SMEs, according to analysis by tax investigation insurance expert PfP

Tax / VAT updates: April 2017

In this month's VAT updates, Graham Elliott, director at City & Cambridge Consultancy, considers the cost sharing exemption in light of the Kokott interpretation, VAT on new house builders blocked in Taylor Wimpey and disappointing ruling on cultural services in BFI case 

Tax / Post-Brexit VAT: cross-border compliance issues

VAT will be a key concern for businesses post Brexit with cross-border compliance top of the agenda. Bishop Fleming's VAT director, Wendy Andrews, highlights potential issues for businesses and consumers following the government's triggering of Article 50

Tax / HMRC updates historical claims for VAT bad debt relief

HMRC has published a brief setting out its policy on the scope for claims for VAT bad debt relief on supplies made between 1 January 1978 and 19 March 1997, which has been updated following two legal rulings which found that some of the conditions previously attached to claims were disproportionate

Tax / More museums set to benefit from VAT relief

Government has added 29 museums and galleries, which offer free admission to the public, to the VAT refund scheme as part of its commitment to free public access to collections displayed in national museums and galleries, which begins 1 June 2017

Tax / HMRC mulls ‘split payment’ approach to online VAT collection

HMRC has issued a call for evidence on an alternative method of collecting VAT for online business to consumer sales, in a bid to tackle the growing problem of tax losses on sales via online marketplaces made by businesses based overseas

Tax / Clampdown on promoters of VAT avoidance schemes

The draft Finance Bill 2017 has confirmed plans to widen the scope of the disclosure of tax avoidance schemes (DOTAS) to include all indirect taxes including VAT, from 1 September 2017, with penalties of up to £10,000 for non-compliance

Tax / Making Tax Digital VAT reporting starts April 2019

All sole traders, the self employed and landlords will have to start quarterly reporting VAT through the Making Tax Digital from April 2019, including VAT, HMRC has confirmed
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