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Input Tax Recovery - Intending Trader

The VAT recovery position of intending traders has formed the basis of several court decisions in recent times, and this was again addressed in the case of Hedge Fund Investment Management Ltd (“HFIML”), heard by the First-Tier Tribunal. HMRC had raised an assessment in relation to input tax recovered by the business, on the basis that there was no link to any taxable economic activity. Furthermore, a penalty assessment was raised in relation to the recovery of this input tax for careless behaviour.

A quick reverse on the Reverse Charge for Supplies of Construction and Building Services

The reverse charge for construction and building services that was announced in the 2018 budget and due to come into force on 1 October 2019 has been delayed until 1 October 2020. This is a surprise move by HMRC as it came so late in the day, but it is to be welcomed given that many businesses are already struggling to cope with the potential impact of Brexit and MTD.

Input VAT Recovery - Mixed Supplies

HMRC have issued new guidance for businesses who supply goods by way of hire purchase agreement, specifically relating to the deduction of input VAT related to such supplies.

Does a Medical Practitioner Provide Medical Service for VAT Purposes or Not?

The health care exemption applies to the supply of services made by a medical practitioner that is on a register that is recognised by HMRC and the supply is that of services related to the care, protection or maintenance of the patients health.

Hospitals and Similar Institutions

The Pennine Care NHS trust provides services to people with mental health issues and, in 2009, began the construction of a new, low security, mental health unit at a cost of approximately £10 million that would provide s.....

Import VAT and VAT registration and de-registration thresholds stay the same

The government has announced that a system of postponed accounting (with VAT declared/recovered via the VAT return and not physically paid at the point of import) will be introduced for all goods imported into the UK by VAT registered businesses from 1 January 2021.

Retrospective Entry to the Flat-Rate Scheme

Julian Anthony Goodman appealed to the First-Tier Tribunal regarding HMRC's decision to refuse retrospective entry to the VAT Flat-Rate Scheme for small businesses. Mr. Goodman provided consultancy services in a self-emp.....

Delay to Introduction of the Domestic Reverse Charge for Construction Services

The proposed introduction of the domestic reverse charge for construction services, due to be implemented from 1st October 2020, has been delayed until 1st March 2021. The introduction of this legislation has already been pushed back from 1st October 2019. The intention of this further delay is to allow businesses time to overcome the challenges posed by coronavirus pandemic.

News

News

Input Tax Recovery - Intending Trader

A quick reverse on the Reverse Charge for Supplies of Construction and Building Services

Input VAT Recovery - Mixed Supplies

Does a Medical Practitioner Provide Medical Service for VAT Purposes or Not?

Hospitals and Similar Institutions

Import VAT and VAT registration and de-registration thresholds stay the same

Retrospective Entry to the Flat-Rate Scheme

Delay to Introduction of the Domestic Reverse Charge for Construction Services

Rob McCann

Steve Howard

Tamara Habberley

Jack Ray-Atkins

David Miller