Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Allan Easton
VAT Manager
02 July 2025
Important VAT update: Broader exemptions for charity fundraising eventsHMRC’s latest Revenue & Customs Brief 3 (2025) clarifies how VAT applies to income from charity fundraising events, following the Yorkshire Agricultural Society case. The update widens the scope for exemptions, providing opportunities for charities to reclaim overdeclared VAT and enhance their VAT position for future events.
Karen Brown
Tax Assistant Manager
26 June 2025
HMRC policy change: New scope for VAT reclaims on pension fund managementHMRC has published a new brief announcing a significant shift in the VAT treatment of pension fund management services – a change that opens the door to valuable retrospective claims.
Euan Connor
Tax Senior
15 June 2025
Navigating the UK Internal Market Scheme (UKIMS): What your business needs to knowThe government scheme created to simplify business trading between Great Britain and Northern Ireland – the UK Internal Market Scheme (UKIMS) – is now open for businesses to register. With the full implementation of the UKIMS, businesses across Great Britain (England, Scotland and Wales) and Northern Ireland are adapting to a redefined trading landscape. The scheme, launched in response to the Windsor Framework, aims to streamline the movement of goods from Great Britain to Northern Ireland by reducing unnecessary checks on goods staying within the UK.
Karen Brown
Tax Assistant Manager
12 December 2024
VAT on developing buildingsA key consideration of development budgets is the VAT incurred on the costs involved. This can take the form of a cashflow cost for “End-Users” of the buildings, i.e., paying VAT on the charges raised by the contractors and then recovering this via VAT returns. Or the VAT could represent an absolute cost if it is not recoverable in the hands of the developer. It is crucial, therefore, that VAT reliefs which apply to certain elements of construction works are applied, where available. Here we summarise the two key VAT reliefs, and how they apply.
23 October 2024
Food or confectionery - an important distinction for VAT!Whether Jaffa Cakes were cakes or biscuits was once the height of VAT complexity.
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