Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
05 February 2019
No Deal Brexit – VAT changes you need to be aware ofHMRC has published guidance on a number of VAT changes which will impact businesses which trade with EU in the event of a “No Deal” Brexit. If you currently sell digital services to consumers in other EU countries, claim VAT incurred elsewhere in the EU or use the EU “VIES” database to check EU customer and supplier VAT numbers, you need to be aware of these changes.
05 February 2019
No Deal Brexit - HMRC announce help for businesses through simplified Customs proceduresAs the political uncertainty around the form of the UK’s exit from the EU remains, HMRC are ramping up their preparations for a possible no deal exit.
31 January 2019
Attention to detail and a questioning outlook – developing your audit careerHaving the autonomy to make your own decisions and lead your day-to-day work is just one of things that Chris enjoys about working within the audit team at Johnston Carmichael. In this short blog we ask Chris what attracted him to JC, what it takes to be successful and one year on, how he’s developed his audit acumen.
27 January 2019
Construction sub-contractor left out of pocket after VAT caseIn the recent J&B Hopkins (“J&BH”) Upper Tier Tax Tribunal VAT case the court agreed with HMRC’s assessing the business for underpaid VAT, as the business felt this would unjustly enrich HMRC.
27 January 2019
Third Sector and Public Sector potential VAT opportunityThird Sector and public sector organisations may benefit following the ruling in the Wellcome Trust Limited (“WTL”) VAT First Tier Tribunal case. Such organisations should read on if they procure services from overseas suppliers to facilitate non-business activities, as there may be a financial and administrative benefit.
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