Insights

20 April 2022

Continuing HMRC delays cause difficulties with land and property transactions

High levels of transaction activity have resulted in greater demand for advice regarding the sale and acquisition of land and property. The VAT implications of transferring land and property assets, particularly around the option to tax, can be challenging and are crucial to consider at an early stage to prevent VAT becoming an obstacle to the completion of deals.

06 December 2021

VAT & Duty

The Twelve Days of Christmas - some seasonal VAT advice

This time of year often throws up some tricky tax issues as our clients push to close things off before the holidays. We thought we’d share this exchange between our VAT team and a long-standing client looking for some uniquely seasonal advice.

Tony Cochrane

VAT Senior Manager

13 September 2021

Diversifying your rural business - benefit from ever-changing VAT rules

Many rural businesses have diversified, or are considering diversifying, into hospitality and leisure activities as an additional income stream. In the midst of the coronavirus pandemic in 2020, Chancellor Rishi Sunak announced a temporary 5% reduced rate of VAT for hospitality and tourism activities. This period of reduced VAT is coming to an end on 30 September 2021, with a new 12.5% reduced rate applying from 1 October 2021 to 31 March 2022.

Rosalind Catto

Inverness Office Head & Business Advisory Partner

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07 September 2021

Changing VAT rates for the hospitality and tourism sector

In the midst of the coronavirus pandemic in 2020, Chancellor Rishi Sunak announced a temporary 5% reduced rate of VAT for the hospitality & tourism sector. This period of reduced VAT is coming to an end on 30 September 2021. Rosalind Catto, Head of Hospitality and Tourism, takes you through which VAT rates are changing and when.

23 June 2021

Significant changes in VAT rules for sales to EU consumers from 1 July

Any business selling goods (and some services) to consumers in the European Union (EU) will need to understand and implement new VAT rules from 1 July 2021. Our Head of Indirect Taxes, Nigel Roberts, explains how the changes may impact your business.

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