Articles in "VAT"

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Rob Geary, VAT Consultant for Lovewell Blake

VAT alert - Domestic reverse charge article updates

22.02.2021
Rob Geary
VAT
5 min read

From 1 March 2021, if your VAT-registered business provides certain supplies of construction services to another business you may no longer need to charge them VAT. This is because your customer may need to account for it under the new domestic reverse charge for construction services.

Stock image - VAT housing

VAT alert - builder's block on input VAT

03.11.2020
Rob Geary
VAT
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’.

HM Revenue and Customs

VAT alert - Compensation vs Consideration for a supply

22.09.2020
Rob Geary
VAT
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.

Cargo ship

VAT Alert - Low Value Consignment Relief

08.09.2020
Rob Geary
VAT
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.


VAT Stock image

VAT Alert - Vehicle purchases

25.08.2020
Rob Geary
VAT
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.

Rob Geary, VAT Consultant for Lovewell Blake

Change to partial exemption VAT treatment

25.06.2020
Rob Geary
VAT
2 min read

The CJEU has considered a VAT case concerning the recovery of overhead VAT costs for a partially exempt business who supplied goods by way of hire purchase (the taxable supply) and the supply of credit (the exempt supply).

James Shipp with a Lovewell Blake Client

VAT alert: Domestic reverse charge on building and construction services

08.06.2020
Rob Geary
VAT
4 min read

If your VAT-registered business provides construction services to another business you will no longer need to charge them VAT.

Calculator

VAT deferment

24.03.2020
Rob Geary
VAT
2 min read

The Chancellor has announced that VAT for the period 20 March 2020 to 30 June 2020 will not need to be paid during this quarter.

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