Insights

10 February 2020

VAT & Duty

Lift skiing facilities are subject to the 5% reduced rate of VAT

In 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.

06 February 2020

Scottish Budget 2020/21 - increase to LBTT rate for non-residential leases

Kate Forbes, Minister for Public Finance and Digital Economy, announced an increase of LBTT from 1% to 2% on certain non-residential (commercial) property leases, with effect from 7 February. The increase comes into force the day after the Budget announcement, but is still subject to Royal Assent.

06 January 2020

VAT & Duty

Tribunal declares digital newspaper subscriptions to be VAT zero-rated

In a decision released on Christmas Eve, the Upper Tax Tribunal provided an early Christmas present for the newspaper industry by confirming that digital editions of The Times, Sunday Times and The Sun qualified for the same VAT zero-rate as paper editions.

Tony Cochrane

VAT Senior Manager

18 December 2019

Making Tax Digital: opportunity to extend digital links deadline

HMRC has announced it will consider requests from businesses who wish to extend the Making Tax Digital (MTD) digital links deadline that comes into force in 2020. Read on to find out more about digital links, whether your business fits the criteria for an extension, and if so, the steps you need to take to apply now.

28 October 2019

Brexit update - “flextension” to 31 January

EU leaders have today agreed to accept the UK’s request for a Brexit “flextension” until 31 January 2020, meaning if a deal is sealed before this date and agreed by Parliament then it can happen sooner.

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