Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
17 November 2022
Autumn Statement 2022: VAT & Duties and other business taxesFollowing Chancellor Jeremy Hunt’s 2022 Autumn Statement announcement, we’ve covered the key points to consider for VAT & Duties and other business taxes.
20 April 2022
Continuing HMRC delays cause difficulties with land and property transactionsHigh 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
The Twelve Days of Christmas - some seasonal VAT adviceThis 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 rulesMany 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.
07 September 2021
Changing VAT rates for the hospitality and tourism sectorIn 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.
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