Articles in "VAT"

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VAT filing changes in Xero

Nathan Bowden
VAT, News
2 min read

The original method of filing VAT returns in Xero is changing soon and we are assisting our clients to be ready for this.

Cashflow and administrative impact of Brexit-related VAT rule change

Rob Geary
Brexit, News, VAT
4 min read

In the latest of our series of weekly Brexit Blogs, Rob Geary explains how Brexit will result in changes to VAT rules which will affect any business importing or exporting goods.

VAT alert - builder's block on input VAT

Callum McCormack
3 min read

‘A recent first-tier tribunal case, Wickford Development Co Limited v HMRC, has been found in favour of the taxpayer, raising again the possibility of HMRC incorrectly interpreting the scope of the ‘Builder’s Block’, this being HMRC’s block on builders and contractors recovering input VAT incurred on goods that are not ‘building materials ordinarily incorporated in a building’.

Extensions to initial changes concerning VAT deferments

Callum McCormack
1 min read

As part of the Government’s package of measures introduced to support businesses during the COVID-19 epidemic, the Chancellor has announced two extensions to initial changes concerning VAT deferments and the reduced rating of certain supplies.

VAT alert - Compensation vs Consideration for a supply

Callum McCormack
2 min read

Previously, HMRC guidance stated that when customers are charged early termination fees to withdraw from contracts, or payments are required for breach of contract, then these charges are not generally relating to a supply and are outside the scope of VAT.

VAT Alert - Low Value Consignment Relief

Callum McCormack
2 min read

Currently, under the Low Value Consignment Relief (LVCR) a UK business importing goods from outside the European Union of a value below £15 is not required to pay import VAT.

Former HMRC specialist joins Lovewell Blake's VAT team

The Marketing Team
VAT, News
1 min read

Chartered accountants Lovewell Blake have appointed a former HMRC VAT expert to their specialist VAT team

VAT Alert - Vehicle purchases

Callum McCormack
2 min read

Many businesses purchase vehicles to support their day-to-day operations. Whilst it may be assumed that, as a vehicle is being acquired by a business to support their activities, the VAT incurred on the purchase costs would be recoverable, this is often not the case.

Wide-ranging tax planning and compliance services for individuals seeking advice and guidance from our team of experienced and highly qualified professionals.

Friendly and coherent advice and guidance on accounting and tax matters for small business owners including those starting out for the first time.

Established businesses requiring accounting and tax compliance services, forward thinking tax planning advice and the support to help your business succeed.

Our full range of enhanced corporate services aimed at large companies and those requiring audit, assurance, corporate tax advisory and diverse tax planning services.



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