Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
26 March 2020
Coronavirus - paying it forward: supporting the self-employedToday, the self-employed of the UK were centre stage for the right reasons as Chancellor Rishi Sunak announced a much-anticipated and very welcome lifeline of support, of which 95% of self-employed people will be able to benefit.
24 March 2020
Coronavirus - suspension of VAT payments until 30 JuneHMRC is urgently working through the details of the Chancellors announcement on Friday (20th March) that no VAT needs to be paid until 30 June 2020.
11 March 2020
UK Budget 2020 - VAT, Duties & Environmental TaxesA content rich Budget, with several new policy announcements and confirmation of other previously trailed changes.
14 February 2020
U-turn on post-Brexit trade concessions as Freeports consultation opensThe UK government announces no concessionary treatments for trade with the EU after the transition period. Previously announced relaxations in border controls will no longer be available, but there will be consultation on Freeports.
10 February 2020
Lift skiing facilities are subject to the 5% reduced rate of VATIn a recent win for Johnston Carmichael client Snow Factor Limited, the VAT and duties Upper Tribunal has allowed our client’s appeal and decided that the reduced VAT rate of 5% applies to income from lift passes sold for indoor skiing and snowboarding. HMRC already accept that lift passes at Scotland’s outdoor ski resorts are subject to 5% VAT.
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